A-LevelEconomicsInternational TradeOct/Nov 2012Paper 1 Q221 Mark
The table shows in millions of US$ the balance for four items in a country's current account for two years. goods services income transfers year 1 -72 84 12 -24 year 2 -87 46 -3 -44 What can be concluded about the changes between year 1 and year 2?
AIncome has moved from a net inflow to a net outflow.
BThe value of exported goods has fallen.
CThe value of imported services has increased.
DTransfers into the country have increased.
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of international trade 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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