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2.4 International trade and the global economy

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Question 51

The table shows the value of the UK's exports of Scotch whisky to overseas buyers.

YearValue of Scotch whisky exports
Year 1£4.8 billion
Year 2£5.6 billion

Assuming nothing else changes, explain how the change in Scotch whisky exports is likely to affect the value of the pound in the foreign-exchange market.

[2]
Markscheme

2.4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /2.4 International trade and the global economy

118 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.

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