A-level · June 2023 · Paper 2
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Draw an aggregate demand and aggregate supply diagram to illustrate the likely impact of an increase in the UK base interest rate on the average price level and real output.
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Which one of the following is the most likely impact of an increase in the base interest rate?
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With reference to the chart, which one of the following is true?
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With reference to the chart on the previous page, explain one likely reason for the change in the UK’s rate of unemployment.
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Calculate the value of the total forecast GDP in 2022.
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Explain one likely cost of UK real GDP falling by 9.9% in 2020.
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Which one of the following is most likely to lead to an increase in potential economic growth?
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Which one of the following is an example of consumption?
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With reference to the chart on the previous page, explain the likely effect of a fall in the marginal propensity to consume on the level of real GDP. Refer to the multiplier in your answer.
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Calculate the US national debt in 2021 as a percentage of GDP.
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Explain the relationship between a fiscal deficit and the national debt.
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Which one of the following is the most likely consequence of an increase in the US national debt?
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Case study · Trade and development in Africa
With reference to Extract A, explain what is meant by a ‘regional trade agreement’ (Extract A, line 7).
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Case study · Trade and development in Africa
With reference to Extract A, examine two causes of the high cost of transporting goods between African countries.
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Case study · Trade and development in Africa
Discuss the impact of improved transport links between African countries on economic growth rates.
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Case study · Trade and development in Africa
Assess two likely benefits of debt relief to Angola. Refer to Extract B in your answer.
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Case study · Trade and development in Africa
Discuss market-orientated strategies the Angolan government could use to improve development.
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Evaluate macroeconomic policies that could be used to increase international competitiveness in the UK’s export markets.
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Evaluate macroeconomic policies, apart from monetary policy, the UK government could use to reduce inflation.
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