AS & A Level Economics (9708) — October–November 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

Identify two possible reasons why the current account on the balance of payments in Chile is in deficit in the first quarter of 2022 despite the surplus on the balance of trade in…

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

With the help of a diagram(s), briefly explain how the cause of a movement along the demand curve differs from the cause of a shift in the demand curve and consider the impact on…

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

With the help of a production possibility curve (PPC) diagram(s), explain the difference between constant and increasing opportunity costs and consider how choices in deciding…

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Question 4 · 20 marks · 4. The macroeconomy

Explain two methods of measuring unemployment and consider the extent of the possible difficulties in obtaining an accurate measurement of unemployment.

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Question 5 · 20 marks · 5. Government macroeconomic intervention

With the help of examples, explain the difference between the marginal rate of taxation and the average rate of taxation and consider whether a government should decide to…

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