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Question 23M.2.SL.TZ0.i

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Date May 2023 Marks available [Maximum mark: 2] Reference code 23M.2.SL.TZ0.i
Level SL Paper 2 Time zone TZ0
Command term Calculate Question number i Adapted from N/A
i.
[Maximum mark: 2]
23M.2.SL.TZ0.i

Using information from Table 1, calculate the change in Uruguay’s current account balance between 2018 and 2019.

[2]

Markscheme
Current account in 2018:
(18.72 – 19.15) – 3.66 + 0.10 = -3.99

Current account in 2019:
(18.52 – 17.88) – 3.05 + 0.19 = -2.22

Change in the current account balance:
(-2.22) – (-3.99) = (US)$ billion 1.77
 
OR
 
(1.77/3.99) × 100% = 44.36%

Any valid working is sufficient for [1] (eg correct calculation of either initial or final current account balance or if the units are missing).

Examiners report

The quantitative questions did not appear to pose significant challenges for candidates. Most students were able to calculate the current account balance, although a few mistakenly added import expenditure instead of subtracting it.

Syllabus sections