A-LevelEconomicsMacroeconomics: National Income AccountingOct/Nov 2023Paper 1 Q201 Mark
For a given year, economy X publishes the following. Gross Domestic Product (GDP) $bn 100 factor income earned by residents of economy X working in foreign countries 10 factor income earned in economy X by non-residents 25 What is the size of the Gross National Income (GNI) for country X?
A$75bn
B$85bn
C$110bn
D$115bn
✓ Correct Answer
The correct answer is B: $85bn
📋 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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