A-level Paper 2, June 2025The National and Global Economy

A-level Paper 2, June 2025, Q4(c)

Explain the likely impact of the change in China’s terms of trade from 2012 to 2020 on China’s current account. Assume that demand for China’s exports and imports is price elastic.

Short answerExplain2 marks

Context

Chart: China terms of trade index (base year 2000 = 100), 2010–2020.

Specification topics

Terms of tradeBalance of payments

Revision notes

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