Economics 9708/43 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Differentiation between income and wealth, exploring their economic implications and distributional aspects.
2. Analysis of equity versus equality in the context of policy recommendations, including tax avoidance measures and welfare spending.
3. Evaluation of the role of tax havens in business activity and their broader economic effects on global and local markets.
4. Discussion of the fiscal and social consequences of tax avoidance on government budgets and public services.
5. Examination of deflationary gaps using diagrams, discussing their challenges and the effectiveness of budget deficits in addressing them.
6. Relevance of the Phillips curve in inflation control and its trade-off with unemployment in the context of policy-making.