Question No.

Sub Question Question

economies.
1 But there is a risk that these mutually beneficial gains
The article
will not occur. mentions economic growth. What is meant
a)
by economic
Explain growth? growth is linked to a country’s
how economic
b)
level of development.
Explain why economic migrants are mainly from the
c) Discuss, using the information, whether links between
developing economies.
d) developed economies and developing economies are
whether
necessarily it is‘mutually
correct tobeneficial’.
say that an optimal allocation of
2 a) Discuss why an optimal
resources would result ifallocation of resources
a goodʼs price equalledmightits
b) fail to occur in practice and consider what could be
Examine
done about thethis
analysis
failure.behind the downward sloping
3 a)
demand curve
manufacturer might for a be
normal good. in a consumer's
interested
b) With
reaction to an equal rise in price for what
the aid of a diagram, consider is likely
a normal goodto and
4 a) happen to the level of profit earned by a
Discuss why an industry might experience falling long-firm if barriers
b) to entry
run are introduced
average in a perfect
costs and comment onmarket.
whether
Explain
consumers this might
analysis usingfrom
benefit a diagram
such a and consider if a
situation.
5 Explain the causes of demand
trade union negotiated a higherdeficient
wage than(cyclical)
determined
6 a) unemployment
Critically evaluate andtheconsider which is thedemand
use of Keynesian most
b) important.
management policies to solve the problem
macroeconomic variables because changesofin the rate
unemployment.
of interest have a significant impact on each of the key
macroeconomic aims.’
QIMG Reference Answer
9708/43/O/N/20/1 An increase in the amount of goods and
9708/43/O/N/20/1a services
Economic(or real GDP)
growth leadsproduced overoutput,
to increased a
9708/43/O/N/20/1b period of
employment, time. income,
keep pace with growthresource use, improved
in work force.
9708/43/O/N/20/1c standard
(compare of living
estimated
protectionist policies growth
as well with that of China
as policies to halt
9708/43/O/N/20/1d 1978–2011).
inflows of migrant labour.
and negative.
– Capital investment flows only about 2% of
9708/43/O/N/20/2a
L3 (7–8
four issuesmarks)
with for explaining
briefer comment Pareto
and criteria
9708/43/O/N/20/2b
evaluation.
the principles involved.
9708/43/O/N/20/3a different goods and linkaccurate
to revenue. Diagrams
L3 (7–8 marks) for an reference to
9708/43/O/N/20/3b should be accurate.
diagram. Up to 10
L3 (7–8 marks) for ifanolessalternative aims are
precise analysis
9708/43/O/N/20/4a price reductions would depend on the attitude
considered.
9708/43/O/N/20/4b of firm to profit earnings.
evaluation
L3 (7–8 marks)on different outcomes
for a briefer depending
discussion about
9708/43/O/N/20/5 relative importance
on where the union of these factors
negotiates in relation
the wage level.
9708/43/O/N/20/6a to their overall impact on unemployment. A
draw
clear together the keybepoints
attempt should madeintothe preceding
draw a
9708/43/O/N/20/7a
discussion to form a conclusion.
conclusion will consider the potential impact
9708/43/O/N/20/7
of changes in other variables on the macro
 Image for Marks
Guidance AIMG Guidance Allocated Subject Code Chapter Topic

3 9 2
4 9 2
4 9 3
9 9 2
12 7 3
13 7 3
12 7 1
13 7 2
12 7 6
13 7 5
25 8 3
12 9 3
13 9 4
25 10 3
Question
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