Economics 9708/04 May June 2002 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Analysis of Belgium’s inflation trends, examining the impact of oil prices, currency changes, and wage legislation on cost and demand pressures.
2. Evaluation of sectoral shifts in Belgium's GDP composition from 1980 to 1999, with services dominating and agriculture's contribution declining, typical of developed economies.
3. Discussion of Belgium’s highly open economy, focusing on trade advantages like surplus growth and vulnerabilities to global economic fluctuations.
4. Examination of advertising's influence on consumer demand, assessing its alignment with traditional demand theory.
5. Exploration of large-scale retail operations, such as Wal-Mart, analyzing economies of scale benefits and societal impacts of corporate growth.
6. Comparison of employment structures in developed versus developing economies, with implications for economic growth and structural transformation.
7. Explanation of fiscal policy effectiveness in managing aggregate demand, particularly under conditions of economic overheating.