GCSE ECONOMICS Paper 2 How the Economy Works

Materials You will need no other materials. You may use a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write on blank pages. • If you need extra space for your answer(s), use the lined pages at the end of this book. Write the question number against your answer(s). • Do all rough work in this book. Cross through any work you do not want to be marked. Information • The marks for questions are shown in brackets. • The maximum mark for this paper is 80. • Questions should be answered in continuous prose. You will be assessed on your ability to: – use good English – organise information clearly – use specialist vocabulary where appropriate. *JUN22* IB/H/Jun22/E11 8136/2 Section A Answer all questions in the spaces provided. box For questions with four responses, only one answer per question is allowed. For each question, completely fill in the circle alongside the appropriate answer. CORRECT METHOD WRONG METHODS If you want to change your answer you must cross out your original answer as shown. If you wish to return to an answer previously crossed out, ring the answer you now wish to select as shown. 0 1 Fiscal policy would involve changes in which of the following? [1 mark] A Exchange rate B Interest rate C Money supply D Tax revenue 0 2 Which of the following is an indirect tax? [1 mark] A Corporation tax B Income tax C National insurance contributions D Value added tax