Economics 9708/22 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for detailed reference.

1. Analyzing Russia's inflation trends and real wage decline from 2015 to 2020, using aggregate demand and aggregate supply models.
2. Evaluating the classification of government-provided free school lunches as public or private goods.
3. Assessing the economic impacts of falling oil prices and exchange rate depreciation on opportunities and risks for Russia.
4. Comparing productive capacity growth versus resource utilization growth with production possibility curve diagrams.
5. Exploring planned economy disadvantages and the benefits of transitioning to market-based resource allocation.
6. Discussing income elasticity’s effects on normal and inferior goods and evaluating strategies for controlling price elasticity determinants.
7. Examining the implications of current account surplus on employment and prices and comparing expenditure-reducing versus expenditure-switching policies for balance of payments deficits.