Economics 9708/31 May June 2010 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain how economic growth increases happiness, as discussed in the article, and its link to improved wages and well-being.

2. Use a diagram to illustrate how an increase in indirect tax rates affects consumer utility, focusing on price changes and purchasing behavior.

3. Analyze whether it is a good idea to increase taxes on the rich to reduce income inequality, as per the article's argument.

4. Discuss whether economic growth always improves consumer welfare, considering factors like inflation, inequality, and environmental impacts.

5. Explain how increased investment can help address supply-side capacity constraints in the economy, boosting productivity and growth.

6. Analyze the economic factors that explain changes in visitor arrivals to Fiji, such as income levels, exchange rates, and global economic conditions.