A-LevelEconomicsBalance of PaymentsOct/Nov 2014Paper 1 Q271 Mark
What is the most likely consequence of an increase in a country's balance of payments deficit?
Aan increase in the foreign value of the currency of the country
Ban increase in the level of income within the country
Creduction in the quantity of money within the country
Dreduction in unemployment within the country
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of balance of payments 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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