DP Economics
Question 23M.2.SL.TZ0.ii
| Date | May 2023 | Marks available | [Maximum mark: 1] | Reference code | 23M.2.SL.TZ0.ii |
| Level | SL | Paper | 2 | Time zone | TZ0 |
| Command term | State | Question number | ii | Adapted from | N/A |
ii.
[Maximum mark: 1]
23M.2.SL.TZ0.ii
Using information from Table 1, state whether Uruguay is facing a deficit or a surplus in its balance of trade in goods and services in 2019.
[1]
Markscheme
the balance of trade is in surplus
Examiners report
Surprisingly, several candidates referred to the current account values calculated in (b)(i) rather than Table 1 to answer (b(ii)), resulting in the incorrect identification of a deficit in the balance of trade. It is important to remind students that part (b) questions are purely quantitative, and therefore, the word "surplus" was sufficient to earn the 1 mark available in (b)(ii). It is unnecessary to provide sentences justifying the answer.
