IB skill practice

Interpret balance of payments accounts

Economics SL global economy skill with original exam-style diagram, data-response, and evaluation seeds.

Paper 1, Paper 2 5 marks Difficulty 2

Classify current account flows

A Wellington balance-of-payments data response lists exports of services, imports of goods, and income paid to overseas investors. Identify the relevant balance-of-payments account. Enter the answer and choose the interpretation that best matches the global-economy evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.