DP Economics
Question 19N.3.HL.TZ0.3a.iv
| Date | November 2019 | Marks available | [Maximum mark: 1] | Reference code | 19N.3.HL.TZ0.3a.iv |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Determine | Question number | a.iv | Adapted from | N/A |
a.iv.
[Maximum mark: 1]
19N.3.HL.TZ0.3a.iv
In the country of Gardia, the currency is the gamma. The exchange rate of the United States dollar (US$) to the gamma is US$ 1 = 6.20 gamma.
(a.iv)
Determine the size of Gardia’s current account surplus/deficit when the sum of the financial and capital accounts is US$ 2 billion.
[1]
Markscheme
A deficit of US$2 billion or − $2billion is sufficient for [1].
