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Macro- Balance of Payments (GDP MTQ ACCA Study Hub)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Macro- Balance of Payments (GDP MTQ ACCA Study Hub)

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  • November 17, 2024 at 8:28 am #713283
    Fari
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    Question
    1. If there is a fall in gross domestic product, will each of the following economic variables rise, fall or not be affected?
    The deficit on the current account of the balance of payments Fall

    Hello sir, please help me with this query.
    I dont understand why the deficit will fall if there is a decrease in GDP. Should it not rise instead?

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