A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2024 · Q251 Mark

A country has a floating exchange rate. Its current account on the balance of payments moves from a surplus to a deficit. Which rate is likely to increase in the short run as a consequence of this worsening of its current account?

Aeconomic growth rate

Bexchange rate

Cinterest rate

Dunemployment rate

✓ Correct answer

D: unemployment rate

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2024 Paper 1 Variant 2, question 25.

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