AS & A Level Economics (9708) — May–June 2025, Paper 44

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 · Government macroeconomic intervention - economic growth and development

Identify what is included in the HDI. [3]

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Question 2 · 20 marks · The price system and the microeconomy - efficiency and market failure

With the help of a diagram, consider whether economic efficiency can be achieved without government intervention in a market economy. [20]

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Question 3 · 20 marks · The price system and the microeconomy - the labour market

Evaluate whether the marginal revenue product theory (MRP) always explains the differences in wages. [20]

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Question 4 · 20 marks · Government macroeconomic intervention - macroeconomic policies

A country with an open economy has falling demand for exports. Consider the view that monetary policy alone will solve this problem. [20]

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Question 5 · 20 marks · Government macroeconomic intervention - economic growth and development

Evaluate how a country might increase its potential economic growth. [20]

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