UK trade deficit worsens - Q&A

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This is often a topic that GCSE Economists struggle with. An interesting article on the BBC explains how the UK trade deficit has worsened due to the car scrappage scheme.

The article would make an excellent data response with the following questions:

1. Explain what is meant by exports. (2)
2. Explain what is meant by trade deficit. (2)
3. What in the trade deficit for September? (1)
4. Explain how the current value of the pound has led to UK exports being more competitive. (5)
5. Explain why the significant increase in UK exports is important to the UK economy. (8)

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