Economics 9708/43 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Explanation of nudge theory and its potential to increase GDP.
2. Distinction between demand-side and supply-side policies with examples.
3. Analysis of GDP as a measure of well-being.
4. Evaluation of competitive markets in achieving resource allocation efficiency.
5. Examination of inflationary gaps, their economic implications, and effectiveness of monetary policy to address them.
6. Role of foreign direct investment in economic growth of developing countries and its connection to productivity and dependency ratios.