International A Level Unit 2, May 2019

Q1 Turkey's current account deficit rose to $4.2 billion in 2017. Identify the most likely cause. (higher import value / higher export value / lower government spending / lower employment)

Q2 Malaysia's inflation rate is listed month by month over February-July 2017; which statement about deflation and disinflation is supported?

Q3 In 2017 Morocco ran a wide negative output gap; identify the condition typically accompanying one.

Q4 Indonesia's export value fell 44.4% between 2010 and 2016 on lower demand for its clothing. Identify the likely combination of effects on unemployment and inflation, ceteris paribus.

Q5 Hong Kong's current account is charted quarterly across 2009 to 2017; pick the statement the data bear out.

Q6 Using a chart of Greece's ILO unemployment rate from January to October 2017, calculate the percentage change.

Q10 Explain the meaning of the savings ratio, noting the general direction of the UK chart running from January 2015 to July 2017.

Q11 Given an Egyptian marginal propensity to consume of 0.6 and a LE11.9 billion renewable energy investment, calculate the final increase in national income, ceteris paribus.

Q7 Early in 2018 South Korea's policy rate went up from 1.25% to 1.5%; state one likely economic consequence.

Q8 New Zealand's 2017 population of 4.693 million took in net migration of 73 000: explain one way unemployment could be affected.

Q9 Crude climbed from $30 a barrel in January 2016 to $65 by January 2018; sketch short-run AS and AD to show how prices and output shift in oil-importing France.

Q12(a) State the meaning of 'fiscal policy' as Extract A uses it.

Q12(b) Using Figure 1, set out what 'real GDP growth' means.

Q12(c) Analyse a single macroeconomic consequence of cutting indirect tax, drawing on Extract A.

Q12(d) Examine how stronger investment would probably affect Romania's economy, using the material supplied.

Q12(e) Discuss what Romania's economy is likely to experience as inflation accelerates.

Q13 Are clashes among macroeconomic objectives unavoidable? Evaluate, with China's anti-pollution laws forecast to drag on real GDP growth.

Q14 Evaluate whether growing consumer spending is invariably good for an economy, given household consumption powering India's rapid growth.