Economics 9708/23 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

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1. Calculate Turkey’s real interest rate in January 2022 and explain the factors behind the Turkish lira’s depreciation from September 2021.

2. Analyze the impact of the lira depreciation on Turkish producers and assess the benefits or drawbacks of Erdoğan's economic policies since 2020.

3. Evaluate alternative policies, excluding interest rate changes, to address Turkey’s inflation rate effectively.

4. Discuss the determinants of demand for electric cars in the UK and compare the significance of cross elasticity versus income elasticity in determining demand.

5. Use a PPC diagram to illustrate resource allocation shifts in a mixed economy and evaluate whether producers are the sole beneficiaries of increased investment resources.

6. Assess how aggregate demand increases impact real output and unemployment, considering scenarios where these increases may cause economic issues in high-income countries.