AQA
AS
ECONOMICS
Paper 2 The National Economy in a Global Context
Monday 22 May 2023 Morning Time allowed: 1 hour 30 minutes
Materials
For this paper you must have:
• the Insert
• a calculator.
Instructions
• Use black ink or black ball-point pen. Pencil should only b...
AS
ECONOMICS
Paper 2 The National Economy in a Global
Context
Monday 22 May 2023 Morning Time allowed: 1 hour 30 minutes
Materials
For Examiner’s Use
For this paper you must have:
the Insert Sectio Mark
a calculator. n
A
Instructions B
Use black ink or black ball-point pen. Pencil should only be used for drawing.
Fill in the boxes at the top of this page. TOTAL
Answer all questions in Section A.
Answer either Context 1 or Context 2 in Section B.
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.
If you need extra space for your answer(s), use the lined pages at
the end of this book. Write the question number against your
answer(s).
Do all rough work in this book. Cross through any work you do not want to be
marked.
Information
The maximum mark for this paper is 70.
The marks for questions are shown in brackets.
No deductions will be made for wrong answers.
1
, 2
Do not write
outside the
Section A box
Answer all questions in this
section.
Only one answer per question is allowed.
For each question 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 Which one of the following is an injection into the circular flow of income?
[1 mark]
A Consumer expenditure
B Exports
C Imports
D Wages
0 2 In which one of the following situations is an increase in aggregate demand most
likely to result in higher inflation?
[1 mark]
A Household savings are increasing
B Mortgage interest rates are high
C Resources are fully employed
D Unemployment is rising
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, 3
Do not write
outside the
0 1 3shows the Consumer Price Index (CPI) for an economy over a period of time.
Table box
Table 1
Year CPI
2008 11
0
2011 10
8
2014 11
6
2017 12
4
2020 13
0
Which one of the following can be concluded from Table 1?
[1 mark]
A The price of a representative basket of goods rose throughout the period.
B The rate of inflation from 2011 to 2014 was the same as from 2014 to 2017.
C The standard of living reached its highest level in 2020.
D The value of money rose between 2008 and 2011.
Turn over for the next question
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, 4
Do not write
outside the
Turn over ►
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