Candidate signature
I declare this is my own work.
AS
ECONOMICS
Paper 2 The National Economy in a Global
Context
Monday 20 May 2024 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.
,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 a measure of productivity?
[1 mark]
A Employment divided by output
B Output of goods per worker
C Production multiplied by quantity of labour
D Volume of goods produced
0 2 Between 2021 and 2022, the weight applied to the restaurant and hotels sector in the
Consumer Prices Index rose from 97 to 102.
As a result of this change, it must be true that
[1 mark]
A average prices in the restaurant and hotels sector rose by just over 5%
between 2021 and 2022.
B restaurant and hotel prices rose by less than the overall average for
consumer prices in 2021.
C the proportion of average consumer expenditure relating to restaurants and
hotels rose in 2022.
D total consumer expenditure on restaurant and hotel services was higher in
2022 than in 2021.
verifies
, 3
Do not write
outside the
0 3 Table 1 shows selected data for a country for 2022 and 2023. box
Table 1
2022 2023
Exports ($bn) 10 12
Government spending ($bn) 12 14
Investment ($bn) 40 38
The country’s national income was in equilibrium in 2022 and 2023. All other things being
equal, which one of the following is most likely to have occurred in this country in 2023 to
maintain equilibrium national income?
[1 mark]
A A decrease in tax revenue
B A fall in the value of imports
C A rise in the budget deficit
D An increase in savings
0 4 An aggregate demand and short-run aggregate supply diagram is used to illustrate the
effect of a rise in imports of goods and services into an economy. All other things being
equal, which one of the following would be shown on the diagram?
[1 mark]
A A leftward movement along the aggregate demand curve
B A leftward movement along the short-run aggregate supply curve
C A rightward shift of the aggregate demand curve
D A rightward shift of the short-run aggregate supply curve
Turn over ►
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 or Stuvia-credit 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 TestPaperPro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
