NATIONAL ECONOMY IN A GLOBAL CONTEXT
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AS
ECONOMICS
Paper 2 The national economy in a global context
Thursday 16 May 2019 Morning Time allowed: 1 hour 30 minutes
Materials
For Examiner’s
For this paper you must have: Use
the insert
Sectio Mark
a calculator. n
A
Instructions
B
Use black ink or black ball-point pen. Pencil should only be used for drawing.
Fill in the boxes at the top of this page. TOTAL
Answer all questions in Section A.
Answer either Context 1 or Context 2 in Section B.
You will need to refer to the insert provided to answer Section B.
You must answer the questions in the spaces provided. Do not
write outside the box around each page or on blank pages.
Do all rough work in this book. Cross through any work you do not
want to be marked.
Information
There are 70 marks available on this paper.
The marks for questions are shown in brackets.
No deductions will be made for wrong answers.
,*jun197135201*
IB/M/Jun19/E10 7135/2
, 2
Do not writ
outside the
Section A box
Answer all questions in this
section.
Only one answer per question is allowed.
For each answer completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to select as shown.
0 1 When an economy goes into a recession, there is most likely to be a
A growing balance of payments deficit.
B positive output gap.
C reduction in real GDP.
D rise in inflation.
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[1 mark]
然
0 2 Economic growth in the US increases from 2% to 5% a year. This is most likely to
喜造
represent for the UK a
A negative demand-side fingn 簋
shock.
B negative supply-side
煎
shock.
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C positive demand-side 上
D positive supply-side shock.
oil price ADb [1
mark]
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*02
, 3
Do not write
outside the
0 3 Which one of the following is a true statement about the Labour Force box
Survey (LFS) measure of unemployment? The LFS measure of
unemployment includes
A part-time workers who would like to work full-time.
B people who are claiming unemployment benefits.
兄
C people who would like a job but who are not currently
looking for one.
D students at university searching for a job starting after
they have graduated.
[1 mark]
union
0 4
AL
The table shows income and expenditure on goods and services for four
workers for the
Totally tax year ending April 2018.
Worker
Alice
Income
£
56 000
o Expenditure
£
27 000
Jennie 17 000 19 000
4
Meshaal 45 000 35 000
点
Thavid 100 000 21 000 0
The
a taxgovernment
on all has set a proportional income tax rate of 25% and
expenditure of 15%. Which one of the following statements is true?
During the tax year ending April 2018 the
003
A A burden of total tax, measured as a percentage of
income, was highest for Jennie.
B gap in income between Meshaal and Thavid remained
the same before and after paying income tax.
C tax on expenditure was not regressive as all four
workers faced the same rate of tax.
D worker who made the greatest contribution to
government tax revenue was Alice.
[1 mark]
nrgressieproqreg.DE
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*03