Economics 9708/41 Oct Nov 2017 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explanation of real Gross Domestic Product and its role in assessing economic performance.
2. Analysis of how changes in other countries' economies can impact US GDP growth rates.
3. Application of the circular flow of income model to explain lower US GDP growth in Q1 2015 compared to Q4 2014.
4. Discussion on the potential for higher GDP growth in Q1 2015 based on economic indicators like labor market improvements and consumer confidence.
5. Evaluation of the effects of privatization and competition on achieving economic efficiency.
6. Analysis of fiscal, monetary, and supply-side policy differences and their effectiveness in reducing income and wealth inequalities.