IB skill practice

Analyse balance of payments, terms of trade, and current-account adjustment

Economics HL skill with original exam-style quantitative, diagram, data-response, and evaluation seeds.

Paper 3 Paper 1 5 marks Difficulty 4

HL exam practice: Balance of payments

A Wellington export-industry article asks an HL student to analyse Balance of payments using the labelled diagram and data evidence. Identify the key result and explain the economic judgement required. Enter the answer and choose the interpretation that best matches the HL economic evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.