Economics 9708/41 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Analysis of whether nudge theory can effectively increase GDP and improve well-being.
2. Discussion of the adequacy of GDP as a measure of well-being compared to alternative indicators like HDI.
3. Evaluation of competitive markets in achieving efficient resource allocation.
4. Use of indifference curve theory to analyze consumer equilibrium and reactions to advertising campaigns.
5. Incorporation of wage increases into economic wage theory and potential impacts on productivity and employment.
6. Assessment of foreign direct investment as a key driver of economic growth in developing countries.