International A Level Unit 2, May 2024

Q1 Identify what typically happens in an economy during a recession, as forecast for Canada in 2023.

Q2 Identify the likely cause of Rwanda's falling average price level in the second half of 2021.

Q3 Work out Bahrain's 2022 output per head from its $44 billion GDP and 1.5 million people.

Q4 Identify why Honduras' monthly trade gap in goods and services widened between April 2022 and April 2023.

Q5 Identify a likely consequence of Sri Lankan joblessness rising from 5.2% to 6.7%.

Q6 Deduce what three months of falling average UK house prices imply for people who already own homes.

Q10 Explain one likely consequence of the inflation path shown in Colombia's consumer price index chart.

Q11 Explain quantitative easing, using the ECB's roughly 3.5 trillion euro expansion of asset purchases since 2015.

Q7 Explain one way that inward migration of roughly 300 000 people affected jobs in Nepal.

Q8 Draw aggregate demand with long-run aggregate supply for Nigeria's six percentage point base rate rise.

Q9 Work out how Thailand's trade balance shifted between 2020 and 2021 from its export and import values.

Q12(a) Define corporation tax, as the term appears in the extract on Ireland's 12.5% rate.

Q12(b) Explain what Gross National Income measures, as referred to in the Ireland extract.

Q12(c) Take two explanations for the improvement in Irish living standards between 2015 and 2022 and analyse each.

Q12(d) Examine two reasons Irish growth was forecast to slow during 2023.

Q12(e) Discuss the drawbacks of relying on GDP when comparing living standards across countries, using the Ireland data.

Q13 Evaluate supply-side measures for lifting growth while bringing inflation down, referring to a chosen country.

Q14 Evaluate the macroeconomic consequences of deflationary measures aimed at balancing the budget, as in Argentina.