Economics 9708/22 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Describe the depreciation of the Indonesian rupiah between July 2009 and July 2013, highlighting its impacts on trade.

2. Explain how the fall in the rupiah contributed to Indonesia’s current account deficit, focusing on import costs and export competitiveness.

3. Use a diagram to illustrate how cutting fuel subsidies in Indonesia increased fuel prices by 44%.

4. Analyze how rising US interest rates could affect Indonesia’s balance of payments and cause a fall in the rupiah’s value, using supply and demand for currency.

5. Discuss how changes, such as fuel subsidy cuts and nickel export bans, impacted Indonesia’s aggregate demand and supply, with effects on prices and output.

6. Evaluate the effectiveness of price changes in increasing total revenue for chocolate producers, using the price elasticity of demand for dark and white chocolate.