A-LevelEconomicsInternational Trade and FinanceMay/June 2023Paper 1 Q171 Mark
The table contains some figures from the balance of payments account of the United States (US) for a given year. [Table 17.1] What cannot be concluded about US trade from the table?
AExported services were valued at over US$477428.
BImported goods were valued at over US$1632639.
CThe value of exported services was less than the value of exported goods.
DThere was an overall current account deficit.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of international trade and finance 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep