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
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The correct answer is B. This question tests the candidate's understanding of macroeconomics: national income accounting within the Economicssyllabus. The examiner's mark scheme requires...
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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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