Net Trade — Edexcel Past Paper Questions

With reference to Extract A, assess the likely impact of a rise in the value of exports on the UK economy.

2.2.5 Net Trade

Evaluate the main influences on the UK’s net trade balance.

One of two options in Section B — candidates answered this or the other.

2.2.5 Net Trade · 2.1.4 The Balance of Payments

Explain the likely effect of a fall in the exchange rate of the British pound on aggregate demand. Refer to Extract A in your answer.

2.2.1 Aggregate Demand · 2.2.5 Net Trade

With reference to Figure 3, assess the likely impact of the change in the value of exports, since mid-2016, on the economic growth of the UK. Use an aggregate demand and aggregate supply diagram in your answer.

2.2.5 Net Trade · 2.1.1 Measuring Economic Growth

With reference to Figure 1, explain the term ‘net trade’.

2.2.5 Net Trade

With reference to the information provided and your own knowledge, assess the likely causes of the UK’s trade deficit.

2.1.4 The Balance of Payments · 2.2.5 Net Trade

With reference to Extract A, explain the likely effect of a rise in the value of the pound on aggregate demand.

2.2.1 Aggregate Demand · 2.2.5 Net Trade