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?

Q: What topic does this question test?

This question tests International Trade and Finance in A-Level Economics (syllabus code 9708). It is worth 1 mark.

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: There was an overall current account deficit.

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Economics Question

Topic

This multiple-choice question tests International Trade and Finance in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2023 examination, Paper 1 Variant 2.

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