Practice Current Account - 7.1 | Chapter: International Economics | IB MYP Grade 10: Individuals & Societies - Economics
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Academics
Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Professional Courses
Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skillsβ€”perfect for learners of all ages.

games

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does the current account represent?

πŸ’‘ Hint: Think about what types of economic activities occur between countries.

Question 2

Easy

Define trade balance.

πŸ’‘ Hint: Consider what happens when a country sells more than it buys.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is included in the current account?

  • Only goods and services
  • Goods
  • services
  • income transfers
  • and remittances
  • Only income transfers

πŸ’‘ Hint: Think about the various ways countries interact economically.

Question 2

True or False: A trade deficit means that a country has more imports than exports.

  • True
  • False

πŸ’‘ Hint: Considering the balance of trade will help clarify this.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Assume a country has a current account deficit for five consecutive years. Discuss the potential long-term impacts on its economy and monetary policy.

πŸ’‘ Hint: Consider both economic and political factors influencing monetary policies.

Question 2

Reflect on how different types of government intervention can affect the current account balance. Offer both positive and negative outcomes.

πŸ’‘ Hint: Think about real-world examples of trade policies affecting current account balances.

Challenge and get performance evaluation