Please write clearly in block capitals.
Centre Candidate
number number
Surname
Forename(s)
Candidate re
signatu
AS
ECONOMICS
Paper 2 The National Economy in a Global
Context
Time allowed: 1 hour 30 minutes
Materials
For Examiner’s Use
For this paper you must have:
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.
If you need extra space for your answer(s), use the lined pages at
the end of this book. Write the question number against your
answer(s).
Do all rough work in this book. Cross through any work you do not want to be
marked.
Information
The maximum mark for this paper is 70.
The marks for questions are shown in brackets.
No deductions will be made for wrong answers.
IB/M/Jun22/
E7
7135/2
, 2
Do not write
outside the
Section A box
Answer all questions in this
section.
Only one answer per question is allowed.
For each question 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 Which one of the following is most likely to be an objective of
government economic policy?
A A low level of employment
B A lower price level
C An equal distribution of income
D An increase in productive potential
[1 mark]
*02
IB/M/
* Jun22/7135/2
, 3
Do not write
outside the
0 2 Figure 1 shows the aggregate demand (AD) and short-run aggregate supply box
(SRAS) curves for an economy.
Figure 1
Which one of the following combinations of events is most likely to cause
the curves to shift from AD1 to AD2 and from SRAS1 to SRAS2?
A A higher rate of savings and faster labour productivity growth
B Faster economic growth abroad and lower world commodity prices
C Higher money wages and more household consumption
D Lower interest rates and a higher rate of indirect taxes
[1 mark]
0 3 The main reason that economic statistics are often expressed as index numbers
is to
A allow easier comparison of data.
B calculate cost of living data.
C convert nominal data to real data.
D even out fluctuations in raw data.
[1 mark]
*03
IB/M/
* Jun22/7135/2
, 4
Turn over ► Do not write
outside the
box
*03
IB/M/
* Jun22/7135/2
Centre Candidate
number number
Surname
Forename(s)
Candidate re
signatu
AS
ECONOMICS
Paper 2 The National Economy in a Global
Context
Time allowed: 1 hour 30 minutes
Materials
For Examiner’s Use
For this paper you must have:
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.
If you need extra space for your answer(s), use the lined pages at
the end of this book. Write the question number against your
answer(s).
Do all rough work in this book. Cross through any work you do not want to be
marked.
Information
The maximum mark for this paper is 70.
The marks for questions are shown in brackets.
No deductions will be made for wrong answers.
IB/M/Jun22/
E7
7135/2
, 2
Do not write
outside the
Section A box
Answer all questions in this
section.
Only one answer per question is allowed.
For each question 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 Which one of the following is most likely to be an objective of
government economic policy?
A A low level of employment
B A lower price level
C An equal distribution of income
D An increase in productive potential
[1 mark]
*02
IB/M/
* Jun22/7135/2
, 3
Do not write
outside the
0 2 Figure 1 shows the aggregate demand (AD) and short-run aggregate supply box
(SRAS) curves for an economy.
Figure 1
Which one of the following combinations of events is most likely to cause
the curves to shift from AD1 to AD2 and from SRAS1 to SRAS2?
A A higher rate of savings and faster labour productivity growth
B Faster economic growth abroad and lower world commodity prices
C Higher money wages and more household consumption
D Lower interest rates and a higher rate of indirect taxes
[1 mark]
0 3 The main reason that economic statistics are often expressed as index numbers
is to
A allow easier comparison of data.
B calculate cost of living data.
C convert nominal data to real data.
D even out fluctuations in raw data.
[1 mark]
*03
IB/M/
* Jun22/7135/2
, 4
Turn over ► Do not write
outside the
box
*03
IB/M/
* Jun22/7135/2
