AS & A Level Economics (9708) — May–June 2024, Paper 23

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

Use the information provided to calculate the real interest rate for Turkey in January 2022.

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Question 2 · 20 marks · 2. The price system and the microeconomy

From 2030, most new car production in the United Kingdom (UK) will be of electric cars. Excluding the price of electric cars, explain the determinants of demand for electric cars…

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Question 3 · 20 marks · 1. Basic economic ideas and resource allocation

Use a production possibility curve (PPC) diagram to explain how a government in a mixed economy might allocate more resources to consumption and fewer resources to investment and…

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Question 4 · 20 marks · 4. The macroeconomy

With the help of a diagram, explain how increases in aggregate demand affect the level of real output and the price level in an economy and consider when such increases may become…

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Question 5 · 20 marks · 6. International economic issues

Explain two possible causes of a change in the terms of trade in an economy and consider which of these causes is likely to be more important for low-income countries.

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