IB skill practice

Calculate and interpret economic data

Economics SL IA and data-response skill with original exam-style source, diagram, calculation, and evaluation seeds.

Paper 1, Paper 2 5 marks Difficulty 2

Calculate trade balance

A local Auckland data-response source gives exports of 54 billion dollars and imports of 59 billion dollars. Calculate the trade balance. Use the labelled article evidence, data, diagram, or evaluation criteria before writing the answer. Enter the answer and choose the interpretation that best matches the IA or data-response evidence.

Worked practice: economic evidence and answer

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