IB Economics HL 4.6.4 Hl Current Account and Exchange Rate Topic Practice

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Study 4.6.4 (HL)—Current account and exchange rate conceptsOpen the corresponding Concept lesson for explanations, examples and exam connections.

Question 1

[Maximum number: 2]

The following diagram illustrates the domestic market for rice in Country Alpha. This diagram will be used for several of the following questions.

Figure for Question 1 — IB Economics HL

The following table provides selected data from the balance of payments for Alpha for 2016.

Table 1

Table 1

Outline how Alpha's current account balance for 2016 is likely to affect the exchange rate of its currency.

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