Economics 7135 Paper 2 June 2020, AQA AS-Level Past Papers with Mark Schemes

AQA AS Level Economics (7135) Jun 2020

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The exam focuses on macroeconomic principles, national performance, and policy interactions in global contexts. Topics include aggregate demand and supply analysis, inflation, unemployment, and fiscal multipliers. Analytical tasks involve interpreting exchange rates, trade deficits, and national debt implications. Section B evaluates real-world applications such as the UK retail industry's evolution and the interplay between conflicting economic objectives, emphasizing consumption patterns, trade balance shifts, and inflationary pressures. Quantitative reasoning is applied to GDP calculations, production possibility curves, and export ratio analysis. The exam highlights policy effectiveness in achieving sustainable growth and managing trade-offs among macroeconomic objectives.