International A Level Unit 2, Jan 2025

Q1 Identify the correct description of a classical LRAS curve once an economy reaches full employment output.

Q2 Classify Brazil's 2022 move to cut red tape costs for firms (free market or interventionist supply-side, or fiscal).

Q3 Work out the percentage change in Turkey's unemployment rate, which fell to 9.8% by January 2023.

Q4 Deduce what is most likely as an economy moves between two points relative to its trend growth path.

Q5 Identify the likeliest cause of Austrian investment climbing from $98bn in 2012 to $129bn in 2022.

Q6 Deduce what a chart of Croatia's monthly CPI figures shows about deflation and disinflation since 2020.

Q10 Explain what quantitative easing means, using the chart of UK asset purchases from 2009 to 2020.

Q11 Explain one effect of Kuwait's falling income per head on reported wellbeing between 2013 and 2022.

Q7 Explain one drawback of Guyana posting the world's fastest real GDP growth, 62.3%, in 2022.

Q8 Draw an aggregate demand and short-run supply diagram for costlier imported coal hitting Japan's prices and output.

Q9 Work out the multiplier value from the given propensities to save, tax and import.

Q12(a) Define recession, in the context of worries about Japan's growth in 2023.

Q12(b) Explain what an exchange rate is, using the passage on Japan's weak currency.

Q12(c) Analyse how extra foreign tourists arriving in Japan feed through its circular flow, with a diagram.

Q12(d) Examine how weaker household spending in Japan is likely to affect its real output.

Q12(e) Discuss what the Bank of Japan would weigh up when deciding where to set its base rate.

Q13 Evaluate the gains from more state spending on infrastructure, given China's 1.48 trillion yuan project programme.

Q14 Evaluate the gains a country gets from faster productivity, given Turkey's 39.2% rise over a decade.