A-level · June 2019 · Paper 2
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Which one of the following would be most likely to cause an increase in credit card lending?
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Using the chart, calculate an index number for additions to credit card lending in March 2017, using January 2016 as the base. You are advised to show your working.
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Explain one possible link between an increase in credit card lending and the rate of inflation.
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Draw an aggregate demand and aggregate supply diagram to show the likely impact of an increase in government spending on infrastructure on a country’s price level and real output.
Diagram needed. Open the original question paper for the diagram
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Which one of the following would be an example of government spending on infrastructure?
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Explain one likely reason for Estonia’s unit labour costs rising faster than in other European countries.
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Explain how Estonia’s competitiveness could be affected by rising unit labour costs.
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The increase in Austria’s unit labour costs between 2010 and 2017 is:
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This would be an example of:
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If a company makes £500 000 pre-tax profit in 2020, calculate how much corporation tax it will pay. Assume that the government cuts the rate of corporation tax as planned.
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Explain one possible reason why the revenue from corporation tax could increase if the government cuts the rate of tax.
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Explain the distinction between income and wealth.
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Explain one likely reason why global wealth inequality has increased.
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Which one of the following would be most likely to reduce a country’s Gini coefficient? An increase in:
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Case study · The UK economy since the financial crisis
With reference to Extract A, explain the role of forward markets in currencies.
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Case study · The UK economy since the financial crisis
With reference to Extract A and Figure 1, examine the likely impact of the change in the sterling exchange rate on the UK economy.
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Case study · The UK economy since the financial crisis
With reference to the last paragraph in Extract C, assess the impact of a fall in real incomes on subjective happiness.
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Case study · The UK economy since the financial crisis
With reference to Extract C, discuss the potential conflicts between macroeconomic objectives when the central bank attempts to control inflation.
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Case study · The UK economy since the financial crisis
Discuss whether providing substantial government financial support to banks is the best policy response during a financial crisis.
Evaluate the effects of the growth of trading blocs such as the TFTA on global trading patterns.
Evaluate the impact of a large fiscal deficit and national debt on a country’s economy.