Exam (elaborations)
OCR A Level Economics May-June 2024 Question Paper 2 (H460-02)
OCR A Level Economics May-June 2024 Question Paper 2 (H460-02)
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Section A
Read the stimulus material and answer all the parts of Question 1.
Changing economic conditions in Kenya
At the start of the 2010s, Kenya experienced high and unstable inflation. The inflation rate
peaked at 14.2% in 2011. This rapid rise in the price level reduced the amount of goods and
services that Kenyans’ households disposable income could buy. It also reduced the international
competitiveness of the country’s products, decreasing net exports.
At the end of the 2010s, Kenya’s inflation rate was lower and more stable. It was 5.2% in 2019 5
and 5.4% in 2020. The country’s relative export prices had also fallen. In 2019, Kenya’s export
price index was 146.2 and its import price index was 215.0.
Kenya’s economic growth rate and its government’s attempts to raise the living standards
of its citizens have been restricted by poor infrastructure. The country has received financial
assistance from the International Development Association (IDA). This part of the World 10
Bank is the world’s largest multilateral source of concessionary financing for low- and lower
middle-income countries. It provides development loans, grants and guarantees to these
countries to help them increase their economic growth and development. In 2020, the IDA lent
$306 billion to 76 countries Fig. 1 shows the IDA assistance per capita received by six of those
countries and their GDP per capita in 2020 expressed in terms of index figures. 15
Fig. 1
Index figures for the IDA assistance per capita and GDP per capita 2020
Index of GDP
per capita
160
140 Kenya
Bangladesh
120
100 Myanmar
80 Nepal
60
40 Democratic Republic
of the Congo
20 Somalia
0
50 100 150 200 250 300 350 400
Index of IDA assistance per capita
© OCR 2024
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