A-LevelEconomicsBalance of PaymentsMay/June 2015Paper 1 Q221 Mark
The table shows the balance in $million for four items in a country's current account for two years. [Table 22.1] What can be concluded about the changes between Year 1 and Year 2?
AIncome has moved from a net inflow to a net outflow.
BThe difference between the value of exported and imported services has increased.
CThe value of exported goods has fallen.
DTransfers into the country have increased.
✓ Correct Answer
The correct answer is B. 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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