Get premium membership and access revision papers with marking schemes, video lessons and live classes.

Processing. Please wait.

Country X has obtained a surplus in its balance of payment. Explain the factors that may have contributed to this.

Answer Text:
-High earnings from exports than payments for imports
-Low importation from citizens
-Increased price of exports.
-Decreased prices of imports.
-Improved economy or raised domestic products
-Restricted importation