Economics 8136/2 June 2020

AQA GCSE Economics (8136) Jun 2020

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The exam paper explores macroeconomic principles, focusing on monetary policy, fiscal policy, unemployment, inflation, and economic growth. Key topics include the effects of exchange rate fluctuations, budget surpluses, progressive taxation, and cost-push inflation. Real-world applications address market failures, the impact of supply-side policies, and income inequality, using data-driven scenarios to analyze policy impacts on individuals and businesses. Quantitative tasks include calculations of GDP per capita, unemployment figures, and after-tax incomes. The paper emphasizes critical evaluation of government interventions, trade-offs in economic objectives, and the socio-economic implications of policies on national and global economies.