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2023 Paper 2c QP

Tea Leaf Fortune Cards

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Hữu Thành Nguyễn
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16 views

2023 Paper 2c QP

Tea Leaf Fortune Cards

Uploaded by

Hữu Thành Nguyễn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Paper 2 Macroeconomics: 3

Section A – answer all the questions

Q1 Define the following terms:

i Economic Growth 2 marks

ii National Debt 2 marks

Q2 Identify one withdrawal from the Circular Flow of Income 1 mark

Q3 Using extract 1 and Figure 2; explain the impact on Italy’s 10 marks


economy of a fall in export revenue, use an Aggregate Supply
and Demand diagram in your answer.

Q4 With reference to the data and your own knowledge discuss the 15 marks
economic impacts of making Italy more attractive to
entrepreneurs (enterprise)

Section B – answer BOTH parts of ONE question


Q1a Referring to the data and your own knowledge; explain the 10 marks
impact on youth unemployment of increased Government
spending on apprenticeships.
Q1b Evaluate the economic impacts of a fiscal policy to increase the 15 marks
innovation in an economy of your choice

Q2a Referring to the data and your own knowledge; explain how 10 marks
reducing exchange rates may be used to increase economic
growth
Q2b Referring to the data and your own knowledge; explain the 15 marks
impact of an increase in interest rates on inflation.

Q3a Referring to the data and your own knowledge; explain the 10 marks
economic impact of a low productivity.
Q3b Evaluate the economic impacts of an interventionist supply side 15 marks
policy to increase productivity in an economy of your choice

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