International A Level Unit 2, May 2025

Q1 Pick which item leaks out of the circular flow of income (Exports / Savings / Investment / Consumption).

Q2 Give the likeliest reason Thai business investment dropped 10.2% over late 2023.

Q3 Work out France's multiplier from a marginal propensity to consume of 0.21 in January 2023.

Q4 Say what most likely follows from the European Central Bank halting its asset purchase programme in 2023.

Q5 Choose the correct job-search and availability windows used by the ILO to count someone as unemployed.

Q6 Give the likeliest reason the Maldives' monthly trade balance worsened across 2023.

Q10 Set out how a current account shortfall differs from a surplus, using Peru's quarterly figures for 2022 and 2023.

Q11 Give one reason the price index basket needs revising, as when the UK swapped in air fryers in 2024.

Q7 Give one gain from rising output, using Macau's world-beating 80.5% real GDP rise in 2023.

Q8 Sketch a Keynesian aggregate demand and supply picture of the spare capacity Ghana had in 2023.

Q9 Work out how much Nepal's total output changed from its population and output per head in 2013 and 2023.

Q12(a) Say what inflation means, in the context of US price rises between 2021 and 2023.

Q12(b) Examine two things that pushed US price rises so high, using the CPI chart and the opening extract paragraph.

Q12(c) Say what the unemployment rate measures, using the Fed's forecast of about 4% for the USA in 2024.

Q12(d) Analyse two things behind the US growth pick-up to 2.5% in 2023, using the extract on spending and infrastructure.

Q12(e) Discuss how the Fed lifting its base rate to 5.5% by July 2023 is likely to affect the US economy.

Q13 Assess measures aimed at the productive side of an economy for lifting employment, prompted by Colombia's fall to 55.3%.

Q14 Assess the drawbacks of judging welfare by national output alone, given 2022 GDP for Fiji, Egypt and India.