AS · June 2017 · Paper 2
Calculate the percentage change in the UK Consumer Prices Index from September 2014 to September 2015. You are advised to show your working.
Define the term ‘deflation’.
Which one of the following is most likely to be a cause of deflation? A fall in:
With reference to the statement above, explain the term ‘under-employment’.
Which one of the following is the most likely reason for a fall in the unemployment rate?
Which one of the following can be inferred from the chart?
Define the term ‘real GDP’.
Illustrate a negative output gap on the diagram below.
Diagram needed. Open the original question paper for the diagram
Annotate the aggregate demand and aggregate supply diagram below to show the likely impact of the increase in the personal allowance on the UK’s price level and real output.
Diagram needed. Open the original question paper for the diagram
Define the term ‘direct tax’.
Which one of the following is an example of a direct tax?
Explain one likely reason for the change in consumer confidence between 2012 and 2015.
Which one of the following is most likely to result from an improvement in UK consumer confidence? A decrease in the marginal propensity to:
Case study · UK economic recovery
With reference to Figure 1, explain the term ‘net trade’.
Case study · UK economic recovery
With reference to the information provided and your own knowledge, assess the likely causes of the UK’s trade deficit.
Case study · UK economic recovery
With reference to Extract A, paragraph 2, explain one likely influence on UK investment.
Case study · UK economic recovery
With reference to Figure 2 and Extract A, explain two likely reasons why the growth of the UK’s nominal GDP per capita at PPPs was slower than that of Germany after 2010.
Case study · UK economic recovery
Evaluate policies the government could use to increase the UK’s productivity.
Case study · UK economic recovery
Evaluate the benefits of economic growth to the UK given that ‘a number of concerns remain’ in the UK economy (Extract A, line 7).
Case study · UK economic recovery
Evaluate the view that another recession is ‘inevitable’ in the UK (Extract A, line 24).