AQA AS ECONOMICS 7135/2 PAPER 2 THE NATIONAL ECONOMY IN A GLOBAL CONTEXT VERSION 1.0 FINAL |QUESTION PAPER AND MERGED MARKING SCHEME JUNE 2023

Which one of the following is an injection into the circular flow of income? [1 mark] A Consumer expenditure B Exports C Imports D Wages 0 2 In which one of the following situations is an increase in aggregate demand most likely to result in higher inflation? [1 mark] A Household savings are increasing B Mortgage interest rates are high C Resources are fully employed D Unemployment is rising3 *03* Turn over ► IB/M/Jun23/7135/2 Do not write outside the 0 3 Table 1 shows the Consumer Price Index (CPI) for an economy over a period of time. box Table 1 Year CPI 2008 110 2011 108 2014 116 2017 124 2020 130 Which one of the following can be concluded from Table 1? [1 mark] A The price of a representative basket of goods rose throughout the period. B The rate of inflation from 2011 to 2014 was the same as from 2014 to 2017. C The standard of living reached its highest level in 2020. D The value of money rose between 2008 and 2011. Turn over for the next questi