Economics 9708/22 March 2024 | Cambridge AS Level Past Papers With Mark Scheme

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1. Evaluating the long-term effects of increased investment in Artificial Intelligence (AI) on GDP growth, unemployment, production, specialization, and trade in economies like Japan and the US.

2. Analyzing the introduction of indirect taxes and the improved provision of information as methods to influence market equilibrium and reduce consumption of demerit goods.

3. Exploring income elasticity of demand, its formula, and the implications of income changes on the consumption of goods, as well as comparing the utility of price elasticity of demand versus price elasticity of supply for businesses.

4. Examining the effects of exchange rate depreciation on domestic output and the use of contractionary fiscal policies to reduce a current account deficit.

5. Explaining the impact of lower interest rates on economic growth and inflation using aggregate demand and supply, and assessing the desirability of economic growth for an economy.