Economics 9708/41 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Analysis of budget deficits and their relationship to economic growth, based on country-specific data.
2. Examination of the effects of currency depreciation on international demand and manufacturing growth.
3. Discussion of contrasting views on addressing budget deficits, including public spending cuts versus demand-stimulus approaches.
4. Application of the law of diminishing marginal utility in constructing consumer demand curves.
5. Evaluation of inflationary gaps and the effectiveness of government policies for their reduction.
6. Assessment of GDP as a determinant of development and the implications of higher GDP levels for a country.