AQA_AS Economics Paper 2_Question Paper_2019 | ECON 3140_THE NATIONAL ECONOMY IN A GLOBAL CONTEXT

AQA_AS Economics Paper 2_Question Paper_2019 | ECON 3140_THE NATIONAL ECONOMY IN A GLOBAL CONTEXT AS ECONOMICS Paper 2 The national economy in a global context Thursday 16 May 2019 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the insert • a calculator. Instructions • 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. • 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. • Do all rough work in this book. Cross through any work you do not want to be marked. Information • There are 70 marks available on this paper. • The marks for questions are shown in brackets. • No deductions will be made for wrong answers. *jun* IB/M/Jun19/E10 7135/2 Section A Answer all questions in this section. box When an economy goes into a recession, there is most likely to be a A growing balance of payments deficit. B positive output gap. C reduction in real GDP. D rise in inflation. 攨 [1 mark] Economic growth in the US increases from 2% to 5% a year. This is most likely to represent for the UK a A negative demand-side shock. B negative supply-side shock. 喜造 fingn 煎 RV Which one of the following is a true statement about the Labour Force Survey (LFS) measure of unemployment? The LFS measure of unemployment includes A part-time workers who would like to work full-time. box B people who are claiming unemployment benefits. C people who would like a job but who are not currently looking for one. D students at university searching for a job starting after they have graduated. [1 mark] union AL tax year ending April 2018. o Totally 0点 The government has set a proportional income tax rate of 25% and a tax on all expenditure of 15%. Which one of the following statements is true? During the tax year ending April 2018 the A burden of total tax, measured as a percentage of income, was highest for Jennie. B gap in income between Meshaal and Thavid remained the same before and after paying income tax. C tax on expenditure was not regressive as all four workers faced the same rate of tax. D worker who made the greatest contribution to