Tuesday, February 10, 2009

Unit 2: A fall in the UK balance of trade deficit

The BBC repors a fall in the UK balance of trade deficit

http://news.bbc.co.uk/1/hi/business/7880829.stm

a) Define the balance of trade
b) To what extent do you think the fall in the value of the £ is responsible for this fall in the deficit as the UK heads in to recession?

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