DP Economics
Question 23M.3.HL.TZ0.iv
| Date | May 2023 | Marks available | [Maximum mark: 2] | Reference code | 23M.3.HL.TZ0.iv |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | iv | Adapted from | N/A |
iv.
[Maximum mark: 2]
23M.3.HL.TZ0.iv
A Nigerian business pays US$14 000 every year to a consultant in the United States. Using the information in Table 2, calculate the increase in the cost of this payment, in naira, between 2018 and 2020.
[2]
Markscheme
2018: 14 000 × 306.5 = 4 291 000
2020: 14 000 × 379.5 = 5 313 000
Increase = 5 313 000 – 4 291 000
Any valid working (either 2018 or 2020 is correct) is sufficient for [1].
= 1 022 000
An answer of 1 022 000 without any valid working is sufficient for [1].
Examiners report
Generally answered accurately.
