Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signatu re
I declare this is my own work.
A-level
ECONOMICS
Paper 3 Economic Principles and Issues
13 June Time allowed: 2 hours
Materials
For Examiner’s Use
For this paper you must have:
• the Insert Section Mark
• a calculator.
A
Instructions B
• Answer all questions. TOTAL
• 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.
• 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 answer book. Cross through any work that you
do not want to be marked.
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
• No deductions will be made for wrong answers.
IB/M/Jun22/E5 7136/3
, 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 A positive statement
[1 mark]
A does not take into account irrational behaviour.
B enables accurate forecasts to be made.
C includes a value judgement.
D may be true or false.
0 2 Which one of the following is a nudge technique that could be used to encourage healthy
eating?
[1 mark]
A Banning supermarkets from selling high-calorie energy drinks
B Increasing taxes on high-fat products to raise their price
C Moving products with a high sugar content away from
supermarket checkouts
D Subsidising fruit and vegetables to reduce their prices
IB/M/Jun22/7136/3
, 3
Do not write
outside the
0 3 Figure 1 shows the production possibility diagram for an economy producing capital goods box
and consumer goods.
Figure 1
The opportunity cost of producing an additional unit of capital goods is
[1 mark]
A greater at X than Y.
B greater at Z than Y.
C the same at X, Y and Z.
D zero when 300 units of consumer goods are produced.
Turn over for the next question
Turn over ►
IB/M/Jun22/7136/3
, 4
Do not write
outside the
0 4 Table 1 shows the individual price indices and the weightings of the three goods that make box
up a price index.
Table 1
Price Index in April 2022
Good Weighting
(April 2021=100)
X 0.1 102
Y 0.4 104
Z 0.5 103
What was the percentage increase in the overall price index between April 2021 to April
2022?
[1 mark]
A 1.1%
B 3%
C 3.3%
D 9%
0 5 When using data to make international comparisons of the standard of living, purchasing
power parity (PPP) exchange rates are more useful than market exchange rates.
This is because PPP exchange rates take into account differences in countries’
[1 mark]
A distribution of income.
B levels of taxation.
C price levels.
D rates of population growth.
IB/M/Jun22/7136/3
Centre number Candidate number
Surname
Forename(s)
Candidate signatu re
I declare this is my own work.
A-level
ECONOMICS
Paper 3 Economic Principles and Issues
13 June Time allowed: 2 hours
Materials
For Examiner’s Use
For this paper you must have:
• the Insert Section Mark
• a calculator.
A
Instructions B
• Answer all questions. TOTAL
• 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.
• 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 answer book. Cross through any work that you
do not want to be marked.
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
• No deductions will be made for wrong answers.
IB/M/Jun22/E5 7136/3
, 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 A positive statement
[1 mark]
A does not take into account irrational behaviour.
B enables accurate forecasts to be made.
C includes a value judgement.
D may be true or false.
0 2 Which one of the following is a nudge technique that could be used to encourage healthy
eating?
[1 mark]
A Banning supermarkets from selling high-calorie energy drinks
B Increasing taxes on high-fat products to raise their price
C Moving products with a high sugar content away from
supermarket checkouts
D Subsidising fruit and vegetables to reduce their prices
IB/M/Jun22/7136/3
, 3
Do not write
outside the
0 3 Figure 1 shows the production possibility diagram for an economy producing capital goods box
and consumer goods.
Figure 1
The opportunity cost of producing an additional unit of capital goods is
[1 mark]
A greater at X than Y.
B greater at Z than Y.
C the same at X, Y and Z.
D zero when 300 units of consumer goods are produced.
Turn over for the next question
Turn over ►
IB/M/Jun22/7136/3
, 4
Do not write
outside the
0 4 Table 1 shows the individual price indices and the weightings of the three goods that make box
up a price index.
Table 1
Price Index in April 2022
Good Weighting
(April 2021=100)
X 0.1 102
Y 0.4 104
Z 0.5 103
What was the percentage increase in the overall price index between April 2021 to April
2022?
[1 mark]
A 1.1%
B 3%
C 3.3%
D 9%
0 5 When using data to make international comparisons of the standard of living, purchasing
power parity (PPP) exchange rates are more useful than market exchange rates.
This is because PPP exchange rates take into account differences in countries’
[1 mark]
A distribution of income.
B levels of taxation.
C price levels.
D rates of population growth.
IB/M/Jun22/7136/3
