A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2019 · Q291 Mark
An economy’s current account on the balance of payments is in surplus. The exchange rate is revalued by the government. Assume the Marshall-Lerner condition holds. Which diagram shows the impact on the current account balance? [Figure 29]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
A[Diagram option A]
B[Diagram option B]
C[Diagram option C]
D[Diagram option D]
✓ Correct answer
A: [Diagram option A]
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill International economic issues and see which topics are most likely to come up next.
Sign up free →