A-LevelEconomicsInternational TradeOct/Nov 2012Paper 1 Q271 Mark
The table shows the Canadian current account of the balance of payments in 2005 and 2006. 2005 ($m) 2006 ($m) goods 62 372 -4 568 services 12 055 -22 663 investment income -22 917 -14 145 transfers -1 498 -2 148 total 25 902 -43 523 The change in which item contributed the least and the change in which item contributed the most to the move from surplus to deficit in the Canadian current account balance between 2005 and 2006?
Ainvestment income goods
Binvestment income services
Ctransfers goods
Dtransfers services
✓ Correct Answer
The correct answer is A: investment income goods
📋 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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