A-level · June 2022 · Paper 2
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Using the information above, calculate the total reduction in the UK’s GDP from a fall in government spending of £20 million.
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Which one of the following is an injection into the circular flow of income?
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With reference to the chart, which one of the following is true? Average UK house prices:
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With reference to the chart on the previous page, explain the likely impact of an increase in average house prices on UK consumption.
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With reference to the chart above, explain the likely impact of a reduction in the base interest rate on UK investment.
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Which one of the following would be most likely to result from lower base interest rates?
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At point Z on the diagram, which one of the following is likely to occur? An increase in:
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With reference to the graph, explain the difference between automatic stabilisers and discretionary fiscal policy.
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With reference to the information above, explain one role of financial markets.
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Which one of the following would be a risk if ‘only minimal checks were made on borrowers’ in this loan scheme?
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Case study · UK Government spending and inequality
Using a Lorenz curve diagram, explain how income inequality is measured using the Gini coefficient. Refer to Extract A in your answer.
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Case study · UK Government spending and inequality
With reference to Figure 1 and Extract A, examine two likely causes of income inequality within the UK.
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Case study · UK Government spending and inequality
With reference to Figure 2, assess whether an increase in real income improves subjective happiness within the UK.
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Case study · UK Government spending and inequality
With reference to Extract C and your own knowledge, discuss methods the UK government could use to increase tax revenue.
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Case study · UK Government spending and inequality
With reference to Extract B, discuss the benefits of an increase in infrastructure spending on the UK economy. Use an aggregate demand and aggregate supply diagram to support your answer.
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Evaluate the likely impact of an increase in protectionism on the global economy.
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Evaluate the likely impact of globalisation on the global economy.
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