Economics 7135 Paper 2 June 2023, AQA AS-Level Past Papers with Mark Schemes

AQA AS Level Economics (7135) Jun 2023

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The exam evaluates macroeconomic principles, national performance, and global trade dynamics. Topics include aggregate demand and supply, inflation, unemployment, fiscal multipliers, and the accelerator effect. Analytical tasks assess impacts of VAT reductions, interest rate adjustments, and changes in government spending on economic growth. Section B explores contextual applications, such as UK inflation trends and international trade balance, focusing on competitiveness, policy implications, and trade surplus effects. Quantitative skills are assessed through GDP calculations, trade deficit analysis, and diagrammatic evaluations. The exam emphasizes policy impacts on productivity, economic stability, and achieving sustained growth in a global context.