A-LevelEconomicsInternational Trade and Global EconomyMay/June 2022Paper 1 Q201 Mark
What does a trade-weighted exchange rate attempt to take account of?
Acountry's terms of trade
Binternational trade as a proportion of a country's national income
Cthe relative value of international trade done with a country's trading partners
Dthe size of a country's current account surplus or deficit
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of international trade and global economy within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
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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