Examine the graph above showing information regarding international trade of services in 2015 and answer each of the following questions - Leaving Cert Geography - Question A - 2017
Question A
Examine the graph above showing information regarding international trade of services in 2015 and answer each of the following questions.
(i) Which two countries ha... show full transcript
Worked Solution & Example Answer:Examine the graph above showing information regarding international trade of services in 2015 and answer each of the following questions - Leaving Cert Geography - Question A - 2017
Step 1
Which two countries had the highest value of services exported?
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Answer
The two countries with the highest value of services exported are the United States and the United Kingdom. Both countries show significantly higher exports compared to others in the graph.
Step 2
Calculate the difference (in SUS) between the value of services exported from China and the value of services exported from the United States.
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Answer
The value of services exported from China is approximately 400billion.ThevalueofservicesexportedfromtheUnitedStatesis800 billion. Therefore, the difference is:
800−400=400extbillionSUS
Step 3
Name two countries with a trade surplus.
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Two countries with a trade surplus are Germany and the United States.
Step 4
Explain briefly one disadvantage of a trade deficit.
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One disadvantage of a trade deficit is that it can indicate an economy that is consuming more than it produces. This reliance on imports may lead to vulnerabilities, such as dependency on foreign economies and potential challenges in domestic job markets.
Step 5
Name two services exported from Ireland.
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Answer
Two services exported from Ireland are software development and financial services.
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