Test students on the Balance of Payments categories

Here’s a useful question from the 2017 NSW Economics HSC exam about the Balance of Payments.

I think this is a great revision exercise after you’ve looked at the BoP categories in a bit of detail. Click through for the whole exam paper. I don’t love the suggested answers, so I reckon you’re best served by developing some ideas yourself.

I’ve also done a walkthrough on this question (see below). This could help students see some useful ways to approach this question.

I hope you like the BALANCE OF PAYMENTS! Here's another part of our walkthrough of the 2017 NSW Eco HSC. Q22 is 10 marks of BoP goodness...with a little bit of FDI vs portfolio thrown in. DISCLAIMER ALERT: These are NOT model responses. They're just a guide on how to answer these questions.