Economics 7135 Paper 2 June 2019, AQA AS-Level Past Papers with Mark Schemes

AQA AS Level Economics (7135) Jun 2019

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The exam evaluates macroeconomic performance and policy impacts in global and national contexts. Topics include GDP growth, fiscal policy, the multiplier effect, and supply-side measures. Analytical tasks assess currency depreciation effects, tax impacts on income inequality, and balance of payments components. Section B explores contextual applications such as artificial intelligence's impact on structural unemployment and the accelerator process's role in export-driven growth. Quantitative reasoning involves trade balance calculations, productivity analysis, and diagrammatic evaluations. The exam emphasizes economic stability, structural changes, and the significance of government intervention in addressing unemployment, trade deficits, and industrial innovation.