Learn Extracted exam questions A-Level Economics 9708 Economics November 2025 Question Paper 13
9708 Economics November 2025 Question Paper 13
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‘The economies of the poorest nations have large international debts; the richest nations should cancel the debts of these nations and reduce poverty.’ What is the nature of each statement? richest nations should cancel these debts to reduce poverty poorest nations have large international debts normative normative
A process is split into a series of individual tasks.
the faster growth of services than of manufacturing
A minimum price guarantee for apple producers is removed.
O good Y good X PPC1 PPC0 PPC3 PPC2 What is the effect on the PPC following the emigration of a large number of workers? the PPC remains at PPC0
complementary good
price of good X quantity demanded O D2 D1 D3 What would cause a movement along D1 for good X and not a shift to either D2 or D3? advertising of good X increases sales
O P1 Q1 price quantity
a normal good that is a complement to good Y
PES for furniture firm 2.5
O price quantity
maximum price for good X ($)
consumer expenditures
spending on new road building
A government provides a subsidy for a product with a perfectly price inelastic demand. What prevents producers from benefiting from this subsidy? 15 A B C The subsidy causes a large reduction in the price of the product, as its price elasticity of demand is infinite. The subsidy causes a large reduction in the price of the product, as its price elasticity of demand is zero. The subsidy causes a small reduction in the price of the product, as its price elasticity of demand is relatively elastic. The subsidy causes a small reduction in the price of the product, as its price elasticity of demand is relatively inelastic. D
reason for intervention good X to decrease consumption demerit good
$billion 300 GDP at basic prices Indirect taxes Subsidies What is GDP at market prices?$324bn
rate of change in general price level (% per year) rate of change in nominal GDP (% per year) −2
The initial rise in injections is greater than the initial rise in leakages.
imports become more competitive
cyclical
–1 –2 –3 2020 2025 2024 2023 2022 2021 year price change % from the start of 2020 to the end of 2025
supply side policy monetary policy fiscal policy key ✓ ✓ ✓
LRAS P O Y YFE real output AD price level Which fiscal policy change is most likely to achieve this aim? decreasing the rate of income tax
It is both a contractionary fiscal policy and a supply-side policy.
a reduction in income tax rates
dividends received by a Pakistani resident from shares in a domestic firm
One country can produce a product at a lower opportunity cost than another country.
the production possibility curve
current account terms of trade increases increases