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Date May 2018 Marks available 4 Reference code 18M.1.bp.2
Level SL and HL Paper 1 Time zone
Command term Explain Question number 2 Adapted from N/A

Question

Disparities in wealth and development

The map shows foreign debt as a percentage of gross national income (GNI) for a selection of countries in the Americas in 2015.

[Source: Courtesy of Stratfor Worldview, a geopolitical intelligence firm.]

Briefly outline what is meant by gross national income (GNI).

[1]
a.i.

Briefly outline what is meant by foreign debt.

[1]
a.ii.

Identify which country on the map is most in need of debt relief and briefly justify your choice.

[3]
b.

Explain, using examples, two ways in which increased trade may help reduce economic disparities between countries.

[4]
c.

Markscheme

The total value of goods/services produced within a country together with the balance of income/remittances and payments from or to other countries. [1]

a.i.

Money/debt owed by a country to another country/organization/bank. [1]

a.ii.

Possibilities include:

If the wrong country is named, up to [2] can still be awarded for correct justification of why it is the most in need of debt relief.

b.

Award [1] for a valid, distinct way and [1] for additional explanation and/or detail to explain how increased trade can reduce economic disparities between countries.

There are a number of ways in which increased trade can help reduce disparities between countries such as:

c.

Examiners report

[N/A]
a.i.
[N/A]
a.ii.
[N/A]
b.
[N/A]
c.

Syllabus sections

Core » Disparities in wealth and development » Reducing disparities
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