A-level · June 2024 · Paper 2
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With reference to the chart above, which one of the following is correct?
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In Q4 of 2015 average household disposable income was £26 300. Calculate the total amount of money saved by the average household in Q4 of 2015.
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Explain one likely reason for the change in total household savings from Q1 2020 to Q2 2020.
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Which one of the following is the percentage point fall in investment between April 2020 and July 2020?
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With reference to the data, explain one likely effect of the fall in investment in 2020.
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With reference to the information above, explain what is meant by ‘market rigging’.
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Which one of the following is a role of financial markets? To:
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Which one point on the trade cycle diagram above illustrates a boom?
Diagram needed. Open the original question paper for the diagram
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In July 2020 a survey estimated that the marginal propensity to consume in the UK was 0.1. Calculate the total increase in aggregate demand from an increase in government spending of £60 million.
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Explain the likely impact of this tariff on the steel market in the US.
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Which one of the following is likely to give the US a comparative advantage in steel production? An increase in:
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Case study · The UK economy
With reference to Figure 4 and your own knowledge, explain the distinction between a progressive and a regressive tax.
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Case study · The UK economy
With reference to Figure 4 and Extract A, examine the likely impact of the ‘freeze in income tax thresholds’ (Extract A line 1) on aggregate demand.
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Case study · The UK economy
Assess whether a fiscal deficit and national debt should be a cause for concern for the UK government.
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Case study · The UK economy
With reference to Extract B, discuss the use of quantitative easing in preventing deflation.
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Case study · The UK economy
Discuss supply-side policies the UK government could introduce to stimulate economic growth.
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Evaluate macroeconomic policies that could be used to reduce a current account deficit. Refer to a country of your choice in your answer.
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Evaluate the possible factors contributing to globalisation.
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