Economics 9708/04 May June 2009 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain how an increase in economic growth raises happiness, as per the article, with a focus on the link between higher wages and well-being.

2. Use a diagram to illustrate how an increase in indirect tax rates would affect total utility, considering price changes and their effects on consumption.

3. Evaluate the argument for increasing taxes on the wealthy to address income inequality and its potential impact on consumer welfare.

4. Discuss whether economic growth always leads to improved consumer welfare, considering factors such as inflation, inequality, and environmental concerns.

5. Explain how increased government investment could address supply-side capacity constraints, improving productivity and economic efficiency.

6. Analyze the factors that may affect changes in visitor arrivals to Fiji, such as economic conditions, exchange rates, and tourism preferences.