A-LevelEconomicsBalance of PaymentsFeb/Mar 2017Paper 1 Q221 Mark
The table contains some figures from the 2014 balance of payments account of the United States (US). [Table] What cannot be concluded about US trade in 2014 from the table?
AExported services were valued at over US$477 428.
BImported goods were valued at over US$1 632 639.
CThe value of exported services was less than the value of exported goods.
DThere was an overall current account deficit.
✓ Correct Answer
The correct answer is D. 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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