AQA · Macroeconomics · The international economy

AQA Economics past paper questions: The international economy

Every AQA question on The international economy from 2016 to 2025: 19 essays, 49 data response questions and 45 multiple choice questions. It covers Trade & comparative advantage, Exchange rates, Balance of payments, Development and Protectionism & trading blocs. Each question links to its paper, mark scheme and examiner report.

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SubtopicsTrade & comparative advantage 38Exchange rates 31Balance of payments 29Development 17Protectionism & trading blocs 15Globalisation 12Economic growth & cycle 7Aggregate demand 3Living standards & wellbeing 3Monetary policy & interest rates 2Macro objectives & conflicts 1Unemployment 1Inflation & deflation 1Fiscal policy & public finances 1PPB / PPC 1Opportunity cost 1Productivity & efficiency 1

Essay questions on the international economy

A-level Paper 2, November 2021, Q9Explain15 marks
Explain how a government or central bank can intervene to prevent the value of its currency rising.

Examiner insight

What to cover
To stop a currency rising: the central bank sells its currency and buys foreign currency, cuts interest rates, or the government uses capital controls.
Watch out
Explain both government and central bank methods.
Question paper p.6Mark scheme p.17Open in the tool
A-level Paper 2, November 2021, Q10Evaluate25 marks
Evaluate the possible impact on the cost of living and the standard of living in the UK of a sustained rise in the value of the pound sterling against other currencies, such as the euro and the US dollar.

Examiner insight

What to cover
A stronger pound lowers import prices, so the cost of living falls.
Watch out
Separate the cost of living from the standard of living.
Question paper p.6Mark scheme p.18Open in the tool
A-level Paper 2, June 2019, Q9Explain15 marks
Explain why the value of a currency may fall in a floating exchange rate system.

Examiner insight

What to cover
A currency falls when demand for it falls or supply rises: lower interest rates, a current account deficit, lower confidence, higher inflation, speculation or capital outflows.
Watch out
Link each cause to demand or supply of the currency.
Question paper p.6Mark scheme p.17Open in the tool
A-level Paper 2, June 2018, Q9Explain15 marks
Explain the main barriers that LEDCs face when attempting to achieve stable, long-term economic growth.

Examiner insight

What to cover
Barriers to stable growth in LEDCs: poor infrastructure, low human capital, corruption and weak institutions, dependence on primary products with volatile prices, debt, capital flight and political instability.
Watch out
Explain why each barrier affects stable, long-term growth.
Question paper p.6Mark scheme p.14Open in the tool
A-level Paper 2, June 2017, Q11Explain15 marks
Explain the possible reasons for changes in the pattern of trade between the UK and the rest of the world.

Examiner insight

What to cover
Changes in the pattern of UK trade come from shifts in comparative advantage, the growth of emerging economies, exchange rates, trade agreements and EU exit, relative inflation, and the move from manufacturing to services.
Watch out
Use real examples, such as the growth of trade with China.
Question paper p.6Mark scheme p.17Open in the tool
A-level Paper 2, June 2017, Q12Evaluate25 marks
Evaluate the measures that might be taken to reduce a deficit on the current account of the UK’s balance of payments.

Examiner insight

What to cover
Measures: expenditure-switching (depreciation, protection) and expenditure-reducing (contractionary fiscal and monetary policy), and supply-side policies.
Watch out
A current account deficit is not always a problem. Say when it matters.
Question paper p.6Mark scheme p.18Open in the tool
A-level Paper 2, Specimen, Q13Explain15 marks
Using examples to illustrate your answer, explain the difference between economic growth and economic development.

Examiner insight

What to cover
Economic growth is a rise in real GDP. Economic development is a wider improvement in living standards: health, education, life expectancy, access to water and freedom. Growth can happen without development.
Watch out
Use the Ethiopia stimulus: high growth but poor access to water.
Question paper p.6Mark scheme p.18Open in the tool

Data response questions on the international economy

A-level Paper 2, June 2025, Q4Assess25 marks

Context 1: The value of the Norwegian krone and its effects on Norway’s economy

Extract C (lines 1–2) states: ‘An economy that has seen considerable success by intervening in the foreign exchange market to manage its currency is Singapore.’ Using the data in the extracts and your knowledge of economics, assess the view that an economy is likely to perform better with a managed exchange rate rather than a freely floating exchange rate.

Examiner insight

What to cover
A managed rate gives stability and can control inflation.
Watch out
Use the data in the extracts.
Question paper p.3Mark scheme p.9Examiner report p.4Open in the tool
A-level Paper 2, June 2025, Q7Explain9 marks

Context 2: The emergence of BRICS+

Extract E (lines 15–17) states: ‘In recent years, some of the BRICS+ countries, including China and India, have been responsible for large foreign direct investment (FDI) inflows into the G7.’ With the help of a suitable diagram, explain how increased inward foreign direct investment (FDI) can affect a country’s level of employment.

Examiner insight

What to cover
FDI raises investment and AD, and increases productive capacity, so employment rises.
Watch out
Link FDI to employment clearly.
Question paper p.5Mark scheme p.12Examiner report p.5Open in the toolDraw it: AD/AS diagram
A-level Paper 2, June 2025, Q8Assess25 marks

Context 2: The emergence of BRICS+

Extract F (lines 1–2) states: ‘While some see the benefits of the emergence of the BRICS+ economies, others are more worried by their rapid economic growth.’ Using the data in the extracts and your knowledge of economics, assess the view that the continued rapid economic growth of the BRICS+ economies is likely to be damaging to the macroeconomic performance of G7 nations, such as the UK.

Examiner insight

What to cover
Fast BRICS+ growth can increase competition and raise commodity prices for G7 nations.
Watch out
Use the data in the extracts.
Question paper p.5Mark scheme p.14Examiner report p.5Open in the tool
A-level Paper 2, June 2024, Q8Discuss25 marks

Context 2: Globalisation and deglobalisation

Extract F (lines 19–20) states: ‘The slowing, or reversal, of globalisation could mean that the benefits of specialisation and foreign direct investment are lost.’ Using the data in the extracts and your knowledge of economics, discuss the view that a slowing, or reversal, of globalisation would be harmful to developing economies such as Vietnam.

Examiner insight

What to cover
Deglobalisation can reduce FDI, trade and specialisation for developing economies.
Watch out
Use the data on Vietnam.
Question paper p.5Mark scheme p.14Examiner report p.4Open in the tool
A-level Paper 3, June 2023, Q31To what extent10 marks

Case study: The economic performance of Sri Lanka

To what extent, if at all, do the data suggest that the Sri Lankan economy is more economically developed than the economies of Bangladesh and Pakistan?

Examiner insight

What to cover
Compare development indicators (GDP per head, HDI, life expectancy, literacy) across the three countries.
Watch out
Quote numbers from the extract.
Question paper p.20Mark scheme p.5Insert p.3Examiner report p.5Open in the tool
AS Paper 2, June 2023, Q31Explain10 marks

Context 2: International trade

Extract F (lines 1–2) states: ‘Many economists believe that the trade balance reflects the strength or weakness of a country’s international competitiveness’. Explain how a fall in a country’s international competitiveness may affect economic growth in the economy.

Examiner insight

What to cover
Lower competitiveness reduces exports and raises imports, so AD and growth fall.
Watch out
Explain the link clearly.
Question paper p.27Mark scheme p.16Insert p.1Open in the tool
AS Paper 2, June 2023, Q32Evaluate25 marks

Context 2: International trade

Extract F (lines 6–7) states: ‘However, there is a great deal that can be done to improve the balance of trade in goods and services.’ Use the extracts and your knowledge of economics to evaluate policies that may be used to achieve a sustained improvement in the UK’s balance of trade in goods and services.

Examiner insight

What to cover
Policies: supply-side (productivity), exchange rate changes, trade agreements.
Watch out
Use the extracts.
Question paper p.29Mark scheme p.17Insert p.1Open in the tool
A-level Paper 2, June 2022, Q3Explain9 marks

Context 1: Investment in Africa

Extract B (lines 18–19) states: ‘FDI can have many benefits. It should create employment, boost long-run economic growth and increase exports.’ With the help of a suitable diagram, explain how a rise in inward foreign direct investment (FDI) may lead to increased exports.

Examiner insight

What to cover
Inward FDI builds new factories and brings technology, so productive capacity and export supply rise. LRAS shifts right.
Watch out
Link FDI to exports clearly.
Question paper p.3Mark scheme p.8Examiner report p.4Marked student answers p.3Open in the toolDraw it: AD/AS diagram
A-level Paper 2, June 2022, Q4Assess25 marks

Context 1: Investment in Africa

Extract C (lines 13–14) states: ‘Some argue that African governments should be doing more to improve the living standards of their citizens, rather than relying on foreign firms.’ Using the data in the extracts and your knowledge of economics, assess the view that to improve the living standards of their citizens, African nations should pursue policies to attract foreign direct investment (FDI).

Examiner insight

What to cover
FDI brings investment, jobs, technology and growth.
Watch out
Use the data in the extracts.
Question paper p.3Mark scheme p.11Examiner report p.4Marked student answers p.10Open in the tool
A-level Paper 2, November 2021, Q8Evaluate25 marks

Context 2: South Korea’s economy

Extract F (lines 7–8) states: ‘Economists said the data reinforced the view that the slump in South Korea’s trade-reliant economy would continue beyond this year’. Using the data in the extracts and your knowledge of economics, evaluate policies which could be used to boost South Korea’s exports and increase its trade surplus.

Examiner insight

What to cover
Policies: currency depreciation, supply-side policies to raise productivity, trade agreements, export promotion.
Watch out
Use South Korea's data in the extracts.
Question paper p.5Mark scheme p.15Open in the tool
A-level Paper 2, November 2020, Q7Explain9 marks

Context 2: Trade wars and protectionism

Extract E (lines 10–11) states: ‘US tariffs on $200bn of Chinese imports came into effect in September.’ With the help of a diagram, explain how the imposition of a tariff may affect the volume of imports.

Examiner insight

What to cover
A tariff raises the price of imports. Domestic supply rises, domestic demand falls, so imports fall.
Watch out
Show the fall in imports clearly on the diagram.
Question paper p.5Mark scheme p.12Examiner report p.5Open in the tool
A-level Paper 2, November 2020, Q8Assess25 marks

Context 2: Trade wars and protectionism

Extract F (lines 17–19) states: ‘Some argue that many developed countries that now champion free trade, only achieved economic prosperity through protectionist policies.’ Using the data in the extracts and your knowledge of economics, assess the view that developing economies, such as Brazil and China, should pursue protectionist policies to achieve greater economic development.

Examiner insight

What to cover
Protection can help infant industries grow and diversify the economy.
Watch out
Use Brazil and China from the extracts.
Question paper p.5Mark scheme p.14Examiner report p.5Open in the tool
AS Paper 2, June 2020, Q31Explain10 marks

Context 2: Conflicting economic objectives

Extract E (lines 9–10) states: ‘Inevitably, the volume of exports will fall, and it is highly likely that the trade deficit will increase further.’ Explain two factors that could cause a fall in the volume of UK exports.

Examiner insight

What to cover
Factors: a stronger pound, lower world demand, lower competitiveness and trade barriers.
Watch out
Explain two factors clearly.
Question paper p.26Mark scheme p.16Insert p.1Open in the tool
AS Paper 2, June 2019, Q32Discuss25 marks

Context 2: UK exports

Extract E (lines 17–19) states: ‘...it is important that the increase in exports seen towards the end of 2017 is sustained. It is needed to reduce the trade deficit and have other positive impacts on the economy.’ Use the extracts and your knowledge of economics to discuss the significance of an increase in exports for the performance of the UK economy.

Examiner insight

What to cover
Higher exports raise AD, growth and jobs, and improve the trade balance.
Watch out
Use the extracts.
Question paper p.28Mark scheme p.19Insert p.1Open in the tool
A-level Paper 2, June 2018, Q3Explain9 marks

Context 1: The UK’s trade balance

Extract C (lines 8–9) states ‘Trade deficits and surpluses may be self- correcting in a floating exchange rate system.’ With the help of a diagram showing the supply of and demand for a currency, explain how a floating exchange rate may help to correct a trade surplus.

Examiner insight

What to cover
A trade surplus means high demand for the currency, so it appreciates. Exports become dearer and imports cheaper, which reduces the surplus.
Watch out
The question asks for a diagram showing supply of and demand for the currency. Use the correct axes.
Question paper p.3Mark scheme p.7Open in the tool
A-level Paper 2, June 2018, Q4Assess25 marks

Context 1: The UK’s trade balance

Extract B (lines 19–21) states ‘Although some argue that a current account deficit is not a problem, others point to the worryingly large and persistent nature of the deficit.’ Using the data in the extracts and your knowledge of economics, assess the impact of a persistent current account deficit on the macroeconomic performance of the UK economy.

Examiner insight

What to cover
A persistent deficit can mean weak competitiveness, rising foreign debt and pressure on the exchange rate.
Watch out
Show understanding that the deficit can be sustainable.
Question paper p.3Mark scheme p.8Open in the tool
A-level Paper 3, June 2018, Q32Explain15 marks

Case study: The World Energy Market

Explain how a sustained low world market price for oil would be likely to affect the economic development of a less economically developed oil-producing country such as Nigeria or Venezuela.

Examiner insight

What to cover
Low oil prices cut export revenue, tax revenue and investment, harming development. Diversification may follow.
Watch out
Link to development indicators, not only growth.
Question paper p.24Mark scheme p.8Insert p.2Open in the tool
A-level Paper 2, June 2017, Q3Explain9 marks

Context 1: Economic development in India

Extract B (lines 17–19) states ‘India still protects its economy with anti-dumping measures and export subsidies that are designed to promote economic growth.’ With the help of a diagram, explain how export subsidies may help promote economic growth in India.

Examiner insight

What to cover
Export subsidies lower the price of Indian exports abroad, so export volumes rise. Higher net exports raise aggregate demand and real GDP.
Watch out
Link the chain to growth: subsidy, cheaper exports, higher X minus M, higher AD, higher real output.
Question paper p.3Mark scheme p.8Open in the toolDraw it: AD/AS diagram
A-level Paper 2, June 2017, Q4Evaluate25 marks

Context 1: Economic development in India

Extract C (lines 2–3) states ‘More recently, India has begun to use more market-based strategies to help its development, including liberalising trade and privatisation.’ Using the data in the extracts and your knowledge of economics, evaluate the view that greater use of market-based strategies is the best way to improve the economic development of India.

Examiner insight

What to cover
Market-based strategies: trade liberalisation, privatisation, FDI, microfinance, removal of subsidies.
Watch out
"Best way" needs a comparison. Use India's data on poverty, growth and HDI.
Question paper p.3Mark scheme p.9Open in the tool
AS Paper 2, June 2017, Q32Assess25 marks

Context 2: UK wages and competitiveness

Extract F (lines 16-17) states ‘there is much to be done if the UK is to pay its way with the rest of the world.’ Use the extracts and your knowledge of economics to assess the policies that could be used to reduce the UK’s balance of trade deficit.

Examiner insight

What to cover
Policies: expenditure-switching (depreciation), expenditure-reducing, and supply-side policies.
Watch out
Use the extracts.
Question paper p.27Mark scheme p.17Insert p.1Open in the tool
A-level Paper 2, Specimen, Q3Explain9 marks

Context 1: International trade

Extract B (lines 12–13) states ‘The Government last night released research suggesting a US-EU agreement sweeping away trade barriers would particularly benefit the automotive, financial and chemical sectors.’ With the help of a diagram, explain the extent to which the removal of a tariff might affect the volume of imports into the UK.

Examiner insight

What to cover
A tariff raises the domestic price of imports. Removing it lowers the price to the world price, so domestic consumption rises, domestic output falls and imports rise by the sum of both effects.
Watch out
The question says "the extent to which": use price elasticity of demand and supply to explain the size of the change.
Question paper p.3Mark scheme p.7Open in the tool
A-level Paper 2, Specimen, Q4Evaluate25 marks

Context 1: International trade

Extract C (lines 10–11) suggests that ‘Increased protectionism could be damaging as the UK is placing much of its hopes for export success on the growing Chinese market.’ Using the data in the extracts and your economic knowledge, evaluate the view that the use of protectionism is inevitably damaging to economies.

Examiner insight

What to cover
Protectionism can protect infant industries, strategic sectors and jobs, and correct dumping.
Watch out
"Inevitably" invites clear counter-examples, such as infant industry growth.
Question paper p.3Mark scheme p.8Open in the tool
A-level Paper 3, Specimen, Q33Recommend25 marks

Case study: Brazil: The hot ‘BRIC’

Taking into account the news report, Extract D and the original evidence, do you recommend that the company should invest in Brazil? Justify your recommendation.

Examiner insight

What to cover
Weigh the case for investing (market growth, lower costs) against risks (instability, inflation, exchange rate, corruption).
Watch out
Paper 3 recommendation questions need a clear decision. Sitting on the fence limits the mark.
Question paper p.22Mark scheme p.8Insert p.2Open in the tool
AS Paper 2, Specimen, Q25Explain10 marks

Context 1: UK economic recovery

Extract B (lines 15–17) states ‘some economists argue that there is still a long way to go to improve the external performance of the economy. Improvements in productivity are absolutely vital’. Explain how improvements in productivity can affect the UK’s trade balance.

Examiner insight

What to cover
Higher productivity lowers unit costs and prices, so UK goods become more competitive. Exports rise and imports fall, improving the trade balance.
Watch out
Link productivity to competitiveness.
Question paper p.13Mark scheme p.10Insert p.1Open in the tool

Multiple choice questions

  1. A-level Paper 3, June 2025, Q25

    Figure 8 shows the domestic demand (Dd) and supply (Sd) curves for paper in a country. Figure 8 also shows the world supply curve when the country does not have any restrictions on imports of paper (Sw) and the world supply curve when a…

  2. AS Paper 2, June 2025, Q11

    Figure 2 shows a production possibility curve for an economy producing consumer and capital goods. Figure 2 The movement from point X to point Y is most likely to have been caused by

  3. AS Paper 2, June 2025, Q16

    All other things being equal, which one of the following is most likely to reduce the deficit on the UK’s balance of payments on current account?

  4. A-level Paper 3, June 2024, Q6

    Table 2 shows the UK's balance of trade in goods and services in successive quarters. Table 2 Quarter 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 Balance of trade –8.5 3.6 0.9 –12.1 –4.7 –25.3 –25.0 (£bn) What was the UK's…

  5. A-level Paper 3, June 2024, Q25

    A country joins a customs union. Which one of the following is the most likely consequence of its membership?

  6. A-level Paper 3, June 2024, Q26

    Which one of the following helps to explain why, in a freely floating exchange rate system, market forces are likely to automatically reduce a deficit or surplus on a country's balance of trade?

  7. A-level Paper 3, June 2024, Q27

    Table 8 shows an index of copper exports for a country during the years 2020 to 2023. Table 8 Index of copper exports Year (2020 = 100) 2020 100.0 2021 106.0 2022 112.1 2023 118.0 Which one of the following statements is correct?

  8. A-level Paper 3, June 2024, Q29

    Which one of the following might be part of a market-based strategy for promoting economic growth and development in a less-developed economy?

  9. AS Paper 2, June 2024, Q5

    All other things being equal, which one of the following is the most likely cause of a reduction in a country’s surplus on its balance of payments on current account?

  10. AS Paper 2, June 2024, Q18

    Between October 2022 and July 2023, the value of the US Dollar (US$) in terms of the Swiss Franc (CHF) changed from US$ 1 = CHF 1 to US$ 1 = CHF 0.87. All other things being equal, this means that

  11. A-level Paper 3, June 2023, Q21

    Which one of the following would be classified as a debit item in the secondary income section of the current account of the UK balance of payments?

  12. A-level Paper 3, June 2023, Q23

    Table 4 shows the value of the pound sterling in euros and Canadian dollars at the beginning of 2021 and 2022. Table 4 2021 2022 Value of £1 in euros 1.11 1.19 Value of £1 in Canadian dollars 1.76 1.71 According to the data in Table 4…

  13. AS Paper 2, June 2023, Q16

    The UK economy experiences a change in its foreign exchange rate from £1 = $1.60 to £1 = $1.75. Which one of the following is the most likely effect on the UK economy?

  14. AS Paper 2, June 2023, Q20

    Which one of the following is most likely to result in an increase in exports from the UK economy? An increase in

  15. A-level Paper 3, June 2022, Q13

    Which one of the following is a role of the World Trade Organisation?

  16. AS Paper 2, June 2022, Q17

    An economy has a deficit on the current account of its balance of payments. Which one of the following sets of circumstances is most likely to cause the deficit to increase?

  17. A-level Paper 3, November 2021, Q5

    Table 1 contains data for GDP per capita and the Human Development Index (HDI) for four countries in a given year. Table 1 GDP per capita HDI ($) Country 1 32 860 0.45 Country 2 29 440 0.77 Country 3 23 230 0.51 Country 4 22 650 0.92 Which…

  18. A-level Paper 3, November 2021, Q29

    Which one of the following is an expenditure switching policy that would help to reduce a deficit on the balance of payments on current account? An increase in

  19. A-level Paper 3, November 2020, Q7

    Which one of the following combinations, A, B, C or D, shows the essential characteristics of a customs union? Internal trade Common external Common currency barriers tariffs

  20. A-level Paper 3, November 2020, Q29

    Figure 8 shows two supply (S1 and S2) curves and the demand (D) curve for euros on the foreign exchange market and the price of euros in terms of pounds sterling. Figure 8 Which one of the following is the most likely explanation for the…

  21. AS Paper 2, June 2020, Q2

    The quantity of food imported by an economy increases by 12% in one year. The most likely cause is a fall in

  22. AS Paper 2, June 2020, Q7

    An economy is experiencing short-run economic growth accompanied by falling unemployment. This is due to rising aggregate demand following the introduction of an expansionary fiscal policy. Which one of the following is most likely to help…

  23. AS Paper 2, June 2020, Q9

    A government wishes to reduce the surplus on the current account of the balance of payments. Which one of the following sets of policies is likely to be the most successful? Change in the exchange Change in the budget rate surplus

  24. AS Paper 2, June 2020, Q13

    Other things remaining the same, the current account deficit of an economy’s balance of payments is most likely to

  25. AS Paper 2, June 2020, Q17

    Table 1 shows the index of export prices, the current monetary value of a country’s exports and the calculated value, to the nearest £ billion, of the value of its exports at 2017 prices. Table 1 Value of the country’s Current monetary…

  26. AS Paper 2, June 2020, Q19

    If the current account of the balance of payments is in surplus, then

  27. A-level Paper 3, June 2019, Q17

    The UK’s labour productivity increases by only 10% over a five year period. Over the same period its main trading partners increase their productivity by 25%. All other things being equal, the most likely consequence for the UK is

  28. A-level Paper 3, June 2019, Q19

    A large Asian steel-producing country dumps its surplus steel on the world market. All other things being equal, if the demand for steel is price elastic, the most likely consequence for the EU market for steel will be to

  29. A-level Paper 3, June 2019, Q28

    A country experiences a large net capital outflow. All other things being equal, the most likely consequence of this in the short run will be a decrease in

  30. AS Paper 2, June 2019, Q8

    There is a large depreciation in an economy’s exchange rate but the value of its exports does not increase. The most likely reason for the absence of an increase in the value of exports is that

  31. AS Paper 2, June 2019, Q9

    The table below shows a selection of items from a country’s balance of payments on current account. £ billion Balance of trade in goods –124 Primary income balance +40 Secondary income balance –13 If the country has a current account…

  32. AS Paper 2, June 2019, Q18

    An economy has a deficit on the current account of the balance of payments. Which one of the following sets of circumstances is most likely to lead to a reduction in the economy’s current account deficit? Inflation in other Domestic Output…

  33. A-level Paper 3, June 2018, Q15

    The diagram below shows the market demand curve (D), the market supply curve (S) for solar panels produced in a country, and the world market supply curve (SW) for solar panels. To protect domestic producers of solar panels the country…

  34. A-level Paper 3, June 2018, Q19

    The table below shows the average exchange rate and currency valuation estimates for four nations in comparison to the US Dollar in January 2016. Average exchange Currency valuation rate to US $1 estimate Australian Dollar 1.46 Undervalued…

  35. A-level Paper 3, June 2018, Q23

    The table below shows selected components of the UK balance of payments on current account as a percentage of GDP between 2011 and 2014. Balance of Primary Secondary Current trade in Year income income account goods and balance balance…

  36. AS Paper 2, June 2018, Q11

    A country has a deficit on the current account of its balance of payments. This means that

  37. A-level Paper 3, June 2017, Q25

    The table below shows how much of each of two products can be produced by two countries with the same amount of resources. Motorbikes Cars Brazil 10 or United States 6 or Which one of the following statements is correct?

  38. A-level Paper 3, June 2017, Q26

    A country has a Human Development Index of 0.91. This country is most likely to have

  39. AS Paper 2, June 2017, Q13

    An economy has a surplus on the current account of its balance of payments. Under which of the following circumstances is the economy most likely to experience a reduction in its current account surplus? Growth in the Domestic Domestic…

  40. AS Paper 2, June 2016, Q13

    The current account of the balance of payments is in surplus. However, there are deficits on the balance of trade in goods and the balance of trade in services. It can be concluded that

  41. A-level Paper 3, Specimen, Q5

    Over a period of time, the value of the pound against the US dollar changes from £1 = $2.00 to £1 = $1.50. All other things being equal, this is most likely to result in

  42. A-level Paper 3, Specimen, Q12

    According to the principle of comparative advantage, on what does a country’s gains from international trade depend?

  43. A-level Paper 3, Specimen, Q13

    The table below shows the effective exchange rate index for Country X in 2010 and 2012 (2012 = 100). Year Effective exchange rate index 2010 125 2012 100 All other things being equal, which one of the following options provides both the…

  44. AS Paper 2, Specimen, Q12

    All other things being equal, a rise in a country’s exchange rate is most likely to

  45. AS Paper 2, Specimen, Q20

    All other things being equal, which one of the following is most likely to increase the current account deficit on the balance of payments?

Question text is quoted from the question papers, © AQA, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.