AS
ECONOMICS ACTUAL 2025 PAPER MERGED
WITH MARK SCHEME
Paper 2 The National Economy in a Global Context
Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
AS
ECONOMICS
Paper 2 The National Economy in a Global Context
Monday 19 May 2025 Morning Time allowed: 1 hour 30 minutes
Materials For Examiner’s Use
For this paper you must have:
• the Insert • a calculator.
Section Mark
Instructions A
• Use black ink or black ball-point pen. Pencil should only be used for drawing.
• Fill in the boxes at the top of this page. B
• Answer all questions in Section A.
• Answer either Context 1 or Context 2 in Section B. TOTAL
• 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.
, 2
Do not write
outside the
• 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.
*jun257135201* 7135/2
IB/M/Jun25/G4003/V4
IB/M/Jun25/7135/2
, 3
Do not write
outside the
box
Section A
Answer all questions in this section.
Turn over ►
IB/M/Jun25/7135/2
, 4
Do not write
outside the
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 most likely to be an objective of government macroeconomic
policy?
[1 mark]
A Achieving deflation in the average price level
B Creating a budget surplus during a recession
C Generating stable and sustained economic growth
D Improving productivity in an electronics firm
0 2 In an economy, the number of people in work is unchanged but the rate of growth of labour
productivity slows from 2.3% to 0.4%.
It can be concluded that there will be an increase in
[1 mark]
A cyclical unemployment.
B national income.
C raw material prices.
D the negative output gap.
box
IB/M/Jun25/7135/2
ECONOMICS ACTUAL 2025 PAPER MERGED
WITH MARK SCHEME
Paper 2 The National Economy in a Global Context
Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
AS
ECONOMICS
Paper 2 The National Economy in a Global Context
Monday 19 May 2025 Morning Time allowed: 1 hour 30 minutes
Materials For Examiner’s Use
For this paper you must have:
• the Insert • a calculator.
Section Mark
Instructions A
• Use black ink or black ball-point pen. Pencil should only be used for drawing.
• Fill in the boxes at the top of this page. B
• Answer all questions in Section A.
• Answer either Context 1 or Context 2 in Section B. TOTAL
• 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.
, 2
Do not write
outside the
• 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.
*jun257135201* 7135/2
IB/M/Jun25/G4003/V4
IB/M/Jun25/7135/2
, 3
Do not write
outside the
box
Section A
Answer all questions in this section.
Turn over ►
IB/M/Jun25/7135/2
, 4
Do not write
outside the
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 most likely to be an objective of government macroeconomic
policy?
[1 mark]
A Achieving deflation in the average price level
B Creating a budget surplus during a recession
C Generating stable and sustained economic growth
D Improving productivity in an electronics firm
0 2 In an economy, the number of people in work is unchanged but the rate of growth of labour
productivity slows from 2.3% to 0.4%.
It can be concluded that there will be an increase in
[1 mark]
A cyclical unemployment.
B national income.
C raw material prices.
D the negative output gap.
box
IB/M/Jun25/7135/2
