AQA"
AS
ECON OMICS
7135/2
Paper 2 The National Economy in a Global Context
Mark scheme
June 2024
Version: 1.0 Final
As level AQA 2024 Economics paper 2 mark scheme.
, MARK SCHEME - AS ECONOMICS - 7135/2 - JUNE 2024
Mark schemes are prepared by the Lead Assessment Writer and considered,
together with the relevant questions, by a panel of subject teachers. This mark
scheme includes any amendments made at the standardisation events which all
associates participate in and is the scheme which was used by them in this
examination. The standardisation process ensures that the mark scheme covers
the students' responses to questions and that every associate understands and
applies it in the same correct way. As preparation for standardisation each
associate analyses a number of students' scripts. Alternative answers not already
covered by the mark scheme are discussed and legislated for. If, after the
standardisation process, associates encounter unusual answers which have not
been raised they are required to refer these to the Lead Examiner.
It must be stressed that a mark scheme is a working document, in many cases
further developed and expanded on the basis of students' reactions to a particular
paper. Assumptions about future mark schemes on the basis of one year's
document should be avoided; whilst the guiding principles of assessment remain
constant, details will change, depending on the content of a particular
examination paper.
No student should be disadvantaged on the basis of their gender identity and/or
how they refer to the gender identity of others in their exam responses.
A consistent use of 'they/them' as a singular and pronouns beyond 'she/her' or
'he/him' will be credited in exam responses in line with existing mark scheme
criteria.
Further copies of this mark scheme are available from aqa.org.uk
As level AQA 2024 Economics paper 2 mark scheme.2
, MARK SCHEME - AS ECONOMICS - 7135/2 - JUNE 2024
Copyright information
AOA retains the copyright on all its publications. However, registered schools/colleges for AOA are permitted to copy material
from this booklet for their own internal use, with the following important exception: AQA cannot give permission to
schools/colleges to photocopy any material that is acknowledged to a third party even for internal use within the centre
Copyright 0 2024 AQA and its licensors All rights reserved.
SECTION A
The following list indicates the correct
answers used in marking the
students' responses.
KEY LIST
(Rising national income
(Output of goods per
1 worker)
11 leads to an increase in
investment)
c
(the proportion of
2 average consumer
12 c
expenditure relating to
restaurants and hotels (E600 000)
rose in
2022.
(Shortages of skilled
3 (An increase in savings) 13
labour)
(The central bank
(A leftward movement considers the
4 along the short-run 14 govemment's fiscal
aggregate supply curve) policy when setting
Bank Rate)
5 c 15 (1.2)
(Falling labour productivity)
(An increase in tax
rates and a reduction
6 16 in welfare payments to
(the price level is rising less create a budget sur
quickly than previously.) lus
(A reduction in (A change in the
7 geographical 17 pattern of
immobilit of labour economic activi
(the volume of imports
to
8 c 18 Switzerland from the
(Point C) USA is likel to
increase.
9 19 c
(Cyclical) (Labour productivity
As level AQA 2024 Economics paper 2 mark scheme.
AS
ECON OMICS
7135/2
Paper 2 The National Economy in a Global Context
Mark scheme
June 2024
Version: 1.0 Final
As level AQA 2024 Economics paper 2 mark scheme.
, MARK SCHEME - AS ECONOMICS - 7135/2 - JUNE 2024
Mark schemes are prepared by the Lead Assessment Writer and considered,
together with the relevant questions, by a panel of subject teachers. This mark
scheme includes any amendments made at the standardisation events which all
associates participate in and is the scheme which was used by them in this
examination. The standardisation process ensures that the mark scheme covers
the students' responses to questions and that every associate understands and
applies it in the same correct way. As preparation for standardisation each
associate analyses a number of students' scripts. Alternative answers not already
covered by the mark scheme are discussed and legislated for. If, after the
standardisation process, associates encounter unusual answers which have not
been raised they are required to refer these to the Lead Examiner.
It must be stressed that a mark scheme is a working document, in many cases
further developed and expanded on the basis of students' reactions to a particular
paper. Assumptions about future mark schemes on the basis of one year's
document should be avoided; whilst the guiding principles of assessment remain
constant, details will change, depending on the content of a particular
examination paper.
No student should be disadvantaged on the basis of their gender identity and/or
how they refer to the gender identity of others in their exam responses.
A consistent use of 'they/them' as a singular and pronouns beyond 'she/her' or
'he/him' will be credited in exam responses in line with existing mark scheme
criteria.
Further copies of this mark scheme are available from aqa.org.uk
As level AQA 2024 Economics paper 2 mark scheme.2
, MARK SCHEME - AS ECONOMICS - 7135/2 - JUNE 2024
Copyright information
AOA retains the copyright on all its publications. However, registered schools/colleges for AOA are permitted to copy material
from this booklet for their own internal use, with the following important exception: AQA cannot give permission to
schools/colleges to photocopy any material that is acknowledged to a third party even for internal use within the centre
Copyright 0 2024 AQA and its licensors All rights reserved.
SECTION A
The following list indicates the correct
answers used in marking the
students' responses.
KEY LIST
(Rising national income
(Output of goods per
1 worker)
11 leads to an increase in
investment)
c
(the proportion of
2 average consumer
12 c
expenditure relating to
restaurants and hotels (E600 000)
rose in
2022.
(Shortages of skilled
3 (An increase in savings) 13
labour)
(The central bank
(A leftward movement considers the
4 along the short-run 14 govemment's fiscal
aggregate supply curve) policy when setting
Bank Rate)
5 c 15 (1.2)
(Falling labour productivity)
(An increase in tax
rates and a reduction
6 16 in welfare payments to
(the price level is rising less create a budget sur
quickly than previously.) lus
(A reduction in (A change in the
7 geographical 17 pattern of
immobilit of labour economic activi
(the volume of imports
to
8 c 18 Switzerland from the
(Point C) USA is likel to
increase.
9 19 c
(Cyclical) (Labour productivity
As level AQA 2024 Economics paper 2 mark scheme.
