iGCSE Paper 2, June 2019

Q1(a) Multiple choice naming the growing integration and interdependence of economies.

Q1(b) Multiple choice on the main cause of frictional unemployment.

Q1(c) Give the meaning of an interest rate.

Q1(d) Set out how consumers are affected when interest rates fall.

Q1(e) Convert a t-shirt price into sterling to 2 d.p. at the rate given.

Q1(f) Diagram question: show what a quota does to a good's equilibrium price and quantity.

Q1(g) Give one way the WTO promotes free trade between countries.

Q1(h) Data response: how fiscal policy could bring Australian unemployment down.

Q2(a) Multiple choice working the inflation rate from the index figures given.

Q2(b) Multiple choice naming taxes levied on income, wealth and profit.

Q2(c) Name one way business harms the environment.

Q2(d) Give the meaning of supply-side policy.

Q2(e) Give one benefit of a depreciating currency to an economy such as the Philippines.

Q2(f) Give one reason multinationals have emerged - India case.

Q2(g) Data response: what trade bloc membership offers - Thailand case.

Q3(a) Multiple choice naming trade in physical goods.

Q3(b) Multiple choice naming the practice of exporting below cost.

Q3(c) Give one way a government can intervene to protect the environment.

Q3(d) Data response: what unemployment does to an economy.

Q3(e) Data response: what inflation does - Turkey case.

Q4(a) Work out Vietnam's GDP per head to 2 d.p. for 2016.

Q4(b) Data response: how falling unemployment fed Vietnam's inflation.

Q4(c) Data response: whether more progressive taxation is the best route to less inequality and poverty.