Question 21N.3.HL.TZ0.d
| Date | November 2021 | Marks available | [Maximum mark: 2] | Reference code | 21N.3.HL.TZ0.d |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | d | Adapted from | N/A |
Table 5 shows selected items of the balance of payments for Laylaland in 2020. Figures are in millions of US dollars (US$).
Table 5
Laylaland has a current account deficit of US$1865 million.
Using Table 5, calculate the net exports of goods and services for Laylaland in 2020.
[2]
NX + Net Income + Net Current Transfers = −1865
(Net Income = 412 − 1075 = −663)
NX = 663 + 858 − 1865
Any valid working is sufficient for [1]. Valid working may constitute identifying the three figures (663, 858, 1865) regardless of their +/− signs.
NX = $344 million
An answer of −$344 without any valid working is sufficient for [1].
OFR applies if current transfers have been calculated incorrectly in part (c).
This was not a straightforward question but was generally done well, signifying a good understanding of the current account. Again, there were some unit errors.
