Question 9
The chart shows the value of a country's trade in two products. Which statement is correct?
Machinery creates a £15 billion trade deficit
The country exports £10 billion more food than it imports
The country imports £10 billion more food than it exports
Total exports exceed total imports by £25 billion
2.4 International trade and the global economy Questions
48 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.