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Question 21N.3.HL.TZ0.e

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Date November 2021 Marks available [Maximum mark: 4] Reference code 21N.3.HL.TZ0.e
Level HL Paper 3 Time zone TZ0
Command term Explain Question number e Adapted from N/A
e.
[Maximum mark: 4]
21N.3.HL.TZ0.e

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.

Explain two methods that Laylaland’s government could use to correct the current account deficit.

[4]

Markscheme

Examiners report

Lower-achieving responses stated rather than explained — stating that import tariffs could be used but not how this would impact the current account. A small number of candidates used two very similar methods e.g. two forms of trade protection — and were awarded L1 only.

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