A-LevelEconomicsInternational Trade and Global EconomyMay/June 2025Paper 1 Q281 Mark

Which formula is used to calculate the terms of trade?

Q: What topic does this question test?

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

Athe average price of exports divided by the average price of imports

Bthe average price of imports divided by the average price of exports

Cthe value of exports divided by the value of imports

Dthe value of imports divided by the value of exports

✓ Correct Answer

The correct answer is A: the average price of exports divided by the average price of imports

📋 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 Global Economy in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2025 examination, Paper 1 Variant 2.

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