A-LevelEconomicsInternational Trade and Global Economy / Balance of PaymentsOct/Nov 2024Paper 1 Q291 Mark
Turkey imported $220 million worth of goods and services. Turkey exported $12 million worth of goods and services during the same period. Its net income was –$15 million. What is Turkey's current account balance?
A-$223 million
B-$217 million
C+$208 million
D+$247 million
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of international trade and global economy / 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...
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