The global context

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

Question 31

Table 1 – Norway's trade in goods surplus and exchange rate, 2020–2023

Year	Trade in goods surplus (NKr bn)	Exchange rate (NKr per €1)
2020	112.5	~10.72
2021	531.0	~10.16
2022	1154.6	~10.10
2023	683.2	~11.45

Using Table 1: Explain what effect the change in Norway's trade in goods surplus between 2020 and 2021 would have been expected to have had on the country's exchange rate.

[2]

The global context

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

Question 31

Table 1 – Norway's trade in goods surplus and exchange rate, 2020–2023

Year	Trade in goods surplus (NKr bn)	Exchange rate (NKr per €1)
2020	112.5	~10.72
2021	531.0	~10.16
2022	1154.6	~10.10
2023	683.2	~11.45

Using Table 1: Explain what effect the change in Norway's trade in goods surplus between 2020 and 2021 would have been expected to have had on the country's exchange rate.

[2]

The global context

Question 31

Table 1 – Norway's trade in goods surplus and exchange rate, 2020–2023

The global context Questions

The global context

Question 31

Table 1 – Norway's trade in goods surplus and exchange rate, 2020–2023

The global context Questions