AS & A Level Economics (9708) — October–November 2023, Paper 21

5 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.

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Question 1 · 20 marks · The macroeconomy - economic growth

Using the data in Table 1.1, calculate the expected growth in Taiwan's real GDP in 2021, based on the latest forecast.

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Question 2 · 20 marks · The price system and the microeconomy - demand and the market equilibrium

With the help of a diagram, explain what could cause an increase in demand for a product and consider whether the impact of an increase in demand on the price of the product will…

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Question 3 · 20 marks · Government microeconomic intervention - direct provision of goods and services

Explain why a government might decide to increase its direct provision of essential goods and services and consider whether such a policy is always likely to be successful.

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Question 4 · 20 marks · Government macroeconomic intervention - fiscal policy and taxation

Explain the reasons why governments impose taxes and consider whether an increase in income tax is fairer than an increase in sales taxes.

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Question 5 · 20 marks · International economic issues - protectionism (tariffs and quotas)

Explain the difference between an import tariff and an import quota and consider why a government would choose an import tariff rather than an import quota as a tool of protection…

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