International A Level Unit 2, Oct 2022

Q1 Identify which curve captures the trade-off between low unemployment and low inflation from these choices (long-run classical AS curve / AD curve / short-run Phillips curve / SRAS curve).

Q2 Many Indian workers left their jobs in 2021 to search for new employment. Identify the cause of unemployment. (demand deficient / frictional / seasonal / structural)

Q3 Saudi Arabia forecasts 2022 spending of $255 billion and tax revenue of $279 billion - which statement is then valid, ceteris paribus?

Q4 Using a chart of France's monthly balance of trade from January to November 2021, identify the most likely reason for the trend. (higher savings ratio / higher relative productivity / a higher exchange rate / better export quality)

Q5 US central bank asset holdings grew to $8.8 trillion in 2021 from $7.3 trillion; identify the probable consequence of more quantitative easing.

Q6 Using a table of Ireland's GDP from 2018 to 2020, calculate the index number for 2020 with 2018 as the base year.

Q10 Brazil's central bank lifted its base rate to 9.75% from 2% across 2021; explain one macroeconomic consequence likely to follow a higher base rate.

Q11 A table sets out Tanzania's gross investment for 2015 and 2020; explain the meaning of 'gross investment'.

Q7 A chart plots Denmark's CPI inflation between January and November 2021; explain one effect this trend is likely to have.

Q8 Philippine house prices dropped more than 10% during 2021; sketch AD and LRAS to show where price level and real output end up.

Q9 A table gives Canadian goods and services exports and imports for 2019 and 2020; calculate how the balance of trade shifted, showing workings.

Q12(a) Give the meaning of 'net migration' as used in Extract A.

Q12(b) Analyse two ways net migration could affect the UK economy, using Figure 2 and Extract A.

Q12(c) Explain what 'productivity' means, as shown in Figure 1.

Q12(d) Examine two macroeconomic consequences for the UK economy of the 'significant wage increases' noted in Extract A.

Q12(e) Discuss which supply-side policies might raise productivity if adopted by the UK Government.

Q13 Evaluate how far GDP figures fall short when comparing living standards across countries (context: nominal GDP in 2020 of $6bn in Guyana, $270bn in Finland, $14 723bn in China).

Q14 For a country you choose, evaluate where pursuing economic growth may clash with two further macroeconomic objectives (context: the Maldives grew 18.87% and India 12.55% in 2021).