Please write clearly in block capitals.
Centre Candidate
number number
Surname
Forename(s)
Candidate re
signatu
AS
ECONOMICS
Paper 2 The National Economy in a Global
Context
May 2024 Time allowed: 1 hour 30 minutes
Materials
For Examiner’s Use
For this paper you must have:
the Insert Section Mark
a calculator.
A
Instructions B
Use black ink or black ball-point pen. Pencil should only be used for drawing.
TOTAL
Fill in the boxes at the top of this page.
Answer all questions in Section A.
Answer either Context 1 or Context 2 in Section B.
You will need to refer to the Insert provided to answer Section B.
You must answer the questions in the spaces provided. Do not
write outside the box around each page or 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 maximum mark for this paper is 70.
The marks for questions are shown in brackets.
No deductions will be made for wrong answers.
,7135/2
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
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 Which one of the following is a measure of productivity?
[1 mark]
Employment divided by output
Output of goods per worker
Production multiplied by quantity of labour
Volume of goods produced
0 2 Between 2021 and 2022, the weight applied to the restaurant and hotels sector
in the Consumer Prices Index rose from 97 to 102.
As a result of this change, it must be true that
[1 mark]
average prices in the restaurant and hotels sector rose by just
over 5% between 2021 and 2022.
restaurant and hotel prices rose by less than the overall average
for consumer prices in 2021.
the proportion of average consumer expenditure relating to
restaurants and hotels rose in 2022.
total consumer expenditure on restaurant and hotel services was higher in
2022 than in 2021.
IB/M/
Jun24/7135/2
, 3
Do not write
outside the
0 3 Table 1 shows selected data for a country for 2022 and 2023. box
Table 1
2022 2023
Exports ($bn) 10 12
Government spending ($bn) 12 14
Investment ($bn) 40 38
The country’s national income was in equilibrium in 2022 and 2023. All other
things being equal, which one of the following is most likely to have occurred in
this country in 2023 to maintain equilibrium national income?
[1 mark]
A A decrease in tax revenue
B A fall in the value of imports
C A rise in the budget deficit
D An increase in savings
0 4 An aggregate demand and short-run aggregate supply diagram is used to
illustrate the effect of a rise in imports of goods and services into an economy.
All other things being
equal, which one of the following would be shown on the diagram?
[1 mark]
A A leftward movement along the aggregate demand curve
B A leftward movement along the short-run aggregate supply curve
C A rightward shift of the aggregate demand curve
D A rightward shift of the short-run aggregate supply curve
IB/M/
Jun24/7135/2
Centre Candidate
number number
Surname
Forename(s)
Candidate re
signatu
AS
ECONOMICS
Paper 2 The National Economy in a Global
Context
May 2024 Time allowed: 1 hour 30 minutes
Materials
For Examiner’s Use
For this paper you must have:
the Insert Section Mark
a calculator.
A
Instructions B
Use black ink or black ball-point pen. Pencil should only be used for drawing.
TOTAL
Fill in the boxes at the top of this page.
Answer all questions in Section A.
Answer either Context 1 or Context 2 in Section B.
You will need to refer to the Insert provided to answer Section B.
You must answer the questions in the spaces provided. Do not
write outside the box around each page or 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 maximum mark for this paper is 70.
The marks for questions are shown in brackets.
No deductions will be made for wrong answers.
,7135/2
, 2
Do not write
outside the
Section A box
Answer all questions in this section.
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 Which one of the following is a measure of productivity?
[1 mark]
Employment divided by output
Output of goods per worker
Production multiplied by quantity of labour
Volume of goods produced
0 2 Between 2021 and 2022, the weight applied to the restaurant and hotels sector
in the Consumer Prices Index rose from 97 to 102.
As a result of this change, it must be true that
[1 mark]
average prices in the restaurant and hotels sector rose by just
over 5% between 2021 and 2022.
restaurant and hotel prices rose by less than the overall average
for consumer prices in 2021.
the proportion of average consumer expenditure relating to
restaurants and hotels rose in 2022.
total consumer expenditure on restaurant and hotel services was higher in
2022 than in 2021.
IB/M/
Jun24/7135/2
, 3
Do not write
outside the
0 3 Table 1 shows selected data for a country for 2022 and 2023. box
Table 1
2022 2023
Exports ($bn) 10 12
Government spending ($bn) 12 14
Investment ($bn) 40 38
The country’s national income was in equilibrium in 2022 and 2023. All other
things being equal, which one of the following is most likely to have occurred in
this country in 2023 to maintain equilibrium national income?
[1 mark]
A A decrease in tax revenue
B A fall in the value of imports
C A rise in the budget deficit
D An increase in savings
0 4 An aggregate demand and short-run aggregate supply diagram is used to
illustrate the effect of a rise in imports of goods and services into an economy.
All other things being
equal, which one of the following would be shown on the diagram?
[1 mark]
A A leftward movement along the aggregate demand curve
B A leftward movement along the short-run aggregate supply curve
C A rightward shift of the aggregate demand curve
D A rightward shift of the short-run aggregate supply curve
IB/M/
Jun24/7135/2
