A-level · June 2025 · Paper 2
With reference to the table above, which one of the following is correct?
With reference to the data provided, explain one limitation of using GDP to compare living standards between countries.
With reference to the chart above, which one of the following is correct?
With reference to the chart on the previous page, explain one likely reason for the change in the UK current account deficit from 2016 to 2021.
With reference to the chart above, which one of the following is correct?
Explain one likely disadvantage of a decline in GDP on workers.
Explain one likely disadvantage of a decline in GDP on government.
Explain what is meant by ‘terms of trade’.
Which one of the following is the percentage change in China’s terms of trade between 2012 and 2020, to the nearest whole number?
Explain the likely impact of the change in China’s terms of trade from 2012 to 2020 on China’s current account. Assume that demand for China’s exports and imports is price elastic.
The total UK labour force in January 2022 was 34.5 million. With reference to the information above, calculate the total number of inactive people in the UK labour force in January 2022.
Explain one likely reason for the high levels of inactivity in the UK labour force.
Which one of the following would be the most likely result of an increase in the rate of employment?
Case study · The German economy
With reference to Figure 1, explain the distinction between direct and indirect taxation.
Case study · The German economy
With reference to Extract A, examine two factors influencing the short-run aggregate supply of the German economy.
Case study · The German economy
With reference to the information provided and your own knowledge, assess the likely macroeconomic effects of the German government’s budget deficit.
Case study · The German economy
With reference to Extract B, discuss the impact of the planned investment by Intel in a new semiconductor factory on Germany’s aggregate demand. Use an aggregate demand and aggregate supply diagram in your answer.
Diagram needed. Open the original question paper for the diagram
Case study · The German economy
Discuss supply-side policies the German government could use ‘to improve its economic performance’ (Extract A, line 6).
Evaluate the possible conflicts between macroeconomic objectives when seeking to control inflation.
Evaluate the possible factors influencing the level of economic development in a developing country of your choice.