A-level Paper 2, June 2023The National and Global Economy
A-level Paper 2, June 2023, Q7
Evaluate macroeconomic policies that could be used to increase international competitiveness in the UK’s export markets.
EssayEvaluateOptional25 marks
Context
In 2022 the value of UK exports fell by 14% compared with 2020. In contrast, the global average increase in exports was 8.2% over the same time period. The UK’s competitiveness also fell, dropping five places from 18th in 2021 to 23rd in 2022 in the world competitiveness rankings.
Learn this question
Open a video explanation without leaving the question.