A-LevelEconomicsInternational TradeOct/Nov 2009Paper 1 Q281 Mark
Country X trades with only two countries, the USA and Japan. 90% of the country's trade is with the USA and 10% is with Japan. The original value of the trade-weighted exchange rate index is 100. The value of country X's currency against the US$ rises by 10%. The value of country X's currency against the Japanese yen rises by 50%. What will be the value of country X's new trade-weighted exchange rate index?
A114
B115
C130
D160
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The correct answer is A. This question tests the candidate's understanding of international trade 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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