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4.1 Importance of international trade

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Question 63

The table shows two transactions involving Country M during one month.

TransactionValue
Businesses in Country M buy software support from suppliers abroad£34 million
Households abroad buy olive oil produced in Country M£47 million

Which statement correctly describes the net flow of money into or out of Country M from these transactions?

[1]
A

£13 million flows out of Country M.

B

£81 million flows out of Country M.

C

£81 million flows into Country M.

D

£13 million flows into Country M.

Markscheme

4.1 Importance of international trade Questions

  1. GCSE
  2. /Economics
  3. /4.1 Importance of international trade

85 exam-style questions on OCR GCSE Economics 4.1 Importance of international trade, covering 4.1.1 Why countries import and export and 4.1.2 Free trade agreements. Each one has a worked solution and a mark scheme showing where the marks go.

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