The table below shows an economy's volume of goods and services imported and exported between 2021 and 2023, expressed as index numbers ( $2021 = 100$ ).

	2021	2022	2023
Volume of goods exported	100	91	83
Volume of goods imported	100	111	124
Volume of services exported	100	94	88
Volume of services imported	100	107	115

The changes shown in the data are most likely to have been caused by

a decision by the domestic central bank to devalue the currency under a fixed exchange rate system.

a sustained appreciation of the domestic currency under a floating exchange rate system.

a depreciation of the domestic currency caused by a reduction in domestic interest rates.

the implementation of a contractionary fiscal policy by the domestic government.

The table below shows an economy's volume of goods and services imported and exported between 2021 and 2023, expressed as index numbers ( $2021 = 100$ ).

	2021	2022	2023
Volume of goods exported	100	91	83
Volume of goods imported	100	111	124
Volume of services exported	100	94	88
Volume of services imported	100	107	115

The changes shown in the data are most likely to have been caused by

a decision by the domestic central bank to devalue the currency under a fixed exchange rate system.

a sustained appreciation of the domestic currency under a floating exchange rate system.

a depreciation of the domestic currency caused by a reduction in domestic interest rates.

the implementation of a contractionary fiscal policy by the domestic government.

2.6 The international economy (A-level only)

Question 51

Markscheme

2.6 The international economy (A-level only)

Question 51

Markscheme

2.6 The international economy (A-level only)

Question 51

2.6 The international economy (A-level only) Questions

2.6 The international economy (A-level only)

Question 51

2.6 The international economy (A-level only) Questions