Economics 7135 Paper 2 June 2022, AQA AS-Level Past Papers with Mark Schemes

AQA AS Level Economics (7135) Jun 2022

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The exam evaluates macroeconomic performance, policy analysis, and global economic contexts. Topics include aggregate demand and supply dynamics, inflation, unemployment, fiscal multipliers, and investment influenced by the accelerator effect. Analytical tasks explore interest rate impacts, balance of payments deficits, and government borrowing effects. Section B examines contextual applications such as strategies to boost UK economic growth and the role of fiscal policy in resource allocation, focusing on taxation and government spending. Quantitative reasoning is assessed through GDP calculations, multiplier effects, and diagrammatic evaluations. The exam emphasizes policy impacts on productivity, economic stability, and long-term growth prospects.