A-LevelEconomicsBalance of PaymentsFeb/Mar 2024Paper 1 Q301 Mark
What is not a likely cause of a deficit in the current account of the balance of payments?
AConsumer spending is low.
BPrimary incomes in the form of investment income are low.
CThe rate of exchange is high.
DWage costs of production are high.
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of 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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