A-LevelEconomicsBusiness CyclesMay/June 2021Paper 1 Q261 Mark
Between 2011 and 2013, retailers reported that expenditure on domestically-produced and imported goods had reduced. This was because consumers did not take out loans as the economy was in a recession. What is the likely result of this?
Adecline in the deficit in the trade account
Bdecline in the level of savings
Cdecline in the terms of trade
Ddecline in unemployment
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of business cycles within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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