Economics 7135 Paper 2 June 2017, AQA AS-Level Past Papers with Mark Schemes

AQA AS Level Economics (7135) Jun 2017

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The exam explores macroeconomic principles, focusing on national economic performance, fiscal and monetary policy, and global trade dynamics. Topics include aggregate demand and supply analysis, inflation, productivity, and unemployment. Analytical tasks address multiplier effects, exchange rates, and the balance of trade in goods and services. Section B examines policy applications, such as fiscal tightening and monetary easing, and their impacts on economic recovery. Quantitative skills are tested through GDP calculations, VAT changes, and median wage comparisons. Evaluations focus on productivity, trade deficits, and government interventions, integrating theory with real-world scenarios to assess economic stability and competitiveness.