AS & A Level Economics (9708) — May–June 2024, Paper 22

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 · 4. The macroeconomy

Describe what has happened to consumer prices in the Eurozone between March 2021 and February 2022.

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Question 2 · 20 marks · 3. Government microeconomic intervention

Explain how the Gini coefficient is used to measure income inequality and consider the relative strength of two economic reasons suggested for such inequality in a low-income…

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Question 3 · 20 marks · 3. Government microeconomic intervention

With the help of an example of each, explain the difference between a merit good and a demerit good and consider whether a subsidy given to a merit good will always be effective…

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Question 4 · 20 marks · 4. The macroeconomy

With the help of a diagram, explain what is meant by the circular flow of income in an open economy and consider the extent to which it can explain economic growth in such an…

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Question 5 · 20 marks · 6. International economic issues

Explain what is meant by protectionism and consider the effectiveness of using tariffs as a method of protectionism.

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