Economics > TEST BANK > University of CambridgeECON 123A-Level Economics Question Bank - Theme 2 - Edexcel A (All)

University of CambridgeECON 123A-Level Economics Question Bank - Theme 2 - Edexcel A

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CONTENTS3 2.6. Macroeconomic Objectives and Policies ** a. Demand policies • Monetary policy - interest rates, quantitative easing, money supply • Fiscal policy b. Supply policies • Marke... t policies • Interventionist policies c. Policy objectives, conflicts and trade-offs 49 51 52 544 Growth (GDP, GNI, GNP, PPP) 1. (Specimen - Paper 2 A-Level - Q6a) With reference to Figure 1, calculate the ratio of Burundi’s GDP per capita to Kenya’s GDP per capita in 2012. (5 marks) 2.1 Measures of Economic Performance5 2. (2016 - Paper 2 A-Level - Q6ai) (a) (i) With reference to Figure 1, explain the term ‘real GDP growth’. (4 marks) 3. (2019 - Paper 2 AS-Level - Q6e) With reference to Figure 4, Extract B and your own knowledge, discuss the limitations of using GDP data to compare living standards between the UK and developing countries. (15 marks)6 4. (2018 - Paper 2 AS-Level - Q1)7 (a) Define the term ‘Gross Domestic Product’. (1 mark) (b) Calculate the UK’s GDP per capita in 2015. You are advised to show your working. (2 marks) (c) Which one of the following is the most likely effect of an increase in real GDP per capita? (1 mark) A Increase in living standards B Increase in unemployment C Lower consumer confidence D Lower purchasing power [Show More]

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