A-LevelEconomicsMacroeconomics: Balance of PaymentsOct/Nov 2023Paper 1 Q251 Mark
A country's current account deficit is larger this year than last. What is the most likely reason for this increase?
ADemand for domestically produced goods has risen.
BDomestic inflation has risen faster than the inflation of its major trading partners.
CDomestic unemployment has risen.
DThe exchange rate has depreciated.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of macroeconomics: 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep