A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2017 · Q231 Mark

In the UK in July 2014, £1 = US $1.71. By the end of August 2014, £1 = US $1.65. What is most likely to explain this?

Aan increase in UK exports

Ban increase in UK interest rates

Cincreasing profitability of UK companies

Dincreasing size of UK national debt

✓ Correct answer

D: increasing size of UK national debt

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 23.

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