AQA A-LEVEL ECONOMICS PAPER 3 VERIFIED SOLUTION
AQA A-LEVEL ECONOMICS PAPER 3 VERIFIED SOLUTION
A-level
ECONOMICS
Paper 3 Economic principles and issues
Tuesday 4 June 2019 Morning Time allowed: 2 hours
Materials
For this paper you must have:
• the insert
• a...
aqa a level economics paper 3 verified solution a level economics paper 3 economic principles and issues tuesday 4 june 2019 morning time al
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AQA A-LEVEL ECONOMICS PAPER 3 VERIFIED SOLUTION
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A-level
ECONOMICS
Paper 3 Economic principles and issues
Tuesday 4 June 2019 Morning Time allowed: 2 hours
Materials
For this paper you must have: For Examiner’s Use
• the insert
Section Mark
• a calculator.
A
Instructions B
• Answer all questions.
• Use black ink or black ball-point pen. Pencil should only be used for TOTAL
drawing.
• Fill in the boxes at the top of this page.
• You will need to refer to the insert provided to answer Section B.
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages.
• Do all rough work in this answer book. Cross through any work that you
do not want to be marked.
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
• No deductions will be made for wrong answers.
,*jun197136301*
IB/M/Jun19/E14 7136/3
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each answer completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to
select as shown.
0 1 A monopolistically competitive firm’s demand curve is
A also the market demand curve.
B inelastic throughout its length.
C the firm’s average revenue curve.
D the same as its marginal revenue curve.
[1 mark]
*02* IB/M/Jun19/7136/3
, 3
Do not write
outside the
box
0 2 The table below contains selected data on a country’s macroeconomic performance over a
20 year period.
Balance of trade
Unemployment Rate of inflation on current
Year
(%) (%) account
($ bn)
1998 6.0 3.5 –20
2003 5.8 3.0 –19
2008 5.5 2.5 –12
2013 5.2 2.0 –2
2018 5.0 1.5 +3
All other things being equal, which one of the following, A, B, C or D, can be inferred from
the above data?
A The natural rate of unemployment is falling
B The price level is increasing more slowly
C The volume of exports is increasing
D There is an inverse relationship between unemployment and
inflation
[1 mark]
0 3 Which one of the following is most likely to result in complete market failure?
A Negative externalities in production and consumption
B Non-excludability and no enforceable property rights
C The existence of demerit goods in some markets
D The government setting maximum prices for excludable and rival
goods
[1 mark]
Turn over for the next question
*03* IB/M/Jun19/7136/3
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