Economics 9708/21 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Effectiveness of inflation targeting in Turkey and factors influencing deviations from targets.
2. Analysis of currency depreciation and its inflationary impacts on economies like Turkey.
3. Causes of inflation differences between countries and their macroeconomic implications.
4. Challenges in constructing accurate consumer price indices, considering basket weightings and price variations.
5. Transition difficulties from planned to market economies, including efficiency and structural changes.
6. Economic justification for subsidizing public transport and taxing private transport to manage externalities and efficiency.