AS Economics UK trade deficit narrows

Using the data below assess the likely impact on the UK Economy of a narrowing in its trade deficit (12 marks)

2 marks for use of data

2 marks for use of circular flow diagram

2 marks for explaining impact of rising exports then 2 marks for evaluating this

2 marks for explaining impact of falling imports then 2 marks for evaluating this

http://www.guardian.co.uk/news/datablog/2010/feb/24/uk-trade-exports-imports

http://www.bbc.co.uk/news/business-18069660