Economics 0455/23 Oct Nov 2024 | Cambridge IGCSE Past Papers With Mark Scheme

1. Economic Indicators and Inflation – Calculating average production cost; analyzing inflation causes in Belarus; impact of inflation on production costs and labor force.

2. Market Structures and Government Intervention – Characteristics of monopoly; government intervention in mixed economies; effects of subsidies on market equilibrium.

3. Labour Market and Wages – Factors affecting household savings; reasons for wage differences between professions; impact of migration on labor supply and economic growth.

4. Trade and Exchange Rates – Causes of foreign exchange rate fluctuations; effects of interest rate changes on inflation and investment; central bank functions in monetary policy.

5. Economic Development and Policy Decisions – Relationship between HDI and life expectancy; causes of economic inequality between countries; benefits and drawbacks of government taxation on goods.

6. Supply and Demand Analysis – Cross elasticity of demand for substitute and complementary goods; supply-side policies to address labor shortages; effects of seasonal employment on economic stability.