100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
2023 AQA AS ECONOMICS 7135/2 Paper 2 The National Economy in a Global Context Question Paper & Mark scheme (Merged) June 2023 [VERIFIED]£7.49
Add to cart
Candidate signature
I declare this is my own work.
2023 AQA AS ECONOMICS 7135/2 Paper 2 The National Economy in a Global Context
Question Paper & Mark scheme (Merged) June 2023 [VERIFIED]
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 Section Mark
• a calculator.
A
Instructions B
• Use black ink or black ball-point pen. Pencil should only be used for drawing. TOTAL
• Fill in the boxes at the top of this page.
• 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.
*JUN237135201*
IB/M/Jun23/E9 7135/2
, 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
*02*
IB/M/Jun23/7135/2
, 3
Do not write
outside the
0 3 Table 1 shows the Consumer Price Index (CPI) for an economy over a period of time. box
Table 1
Year CPI
2008 110
2011 108
2014 116
2017 124
2020 130
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
Turn over ►
*03*
IB/M/Jun23/7135/2
, 4
Do not write
outside the
0 4 A government decides to increase the minimum wage at a time when the rest of the world is box
coming out of recession. These events cause short-run aggregate supply (SRAS) to shift
from SRAS1 to SRAS2 and aggregate demand (AD) to shift from AD1 to AD2.
If the initial macroeconomic equilibrium is E1, which one of the following diagrams
shows the correct new equilibrium E2?
[1 mark]
*04*
IB/M/Jun23/7135/2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Freemann. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.49. You're not tied to anything after your purchase.
