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Date November 2018 Marks available 15 Reference code 18N.1.HL.TZ0.4
Level Higher level Paper Paper 1 Time zone Time zone 0
Command term Discuss Question number 4 Adapted from N/A

Question

Explain the potential effects on the economic growth rate from a substantial increase in the number of skilled people of working age entering a country.

[10]
a.

Discuss the view that, apart from indicating economic growth rates over time, national income statistics are of little use.

[15]
b.

Markscheme

Answers may include:

Marks should be allocated according to the paper 1 markbands for May 2013 forward, part A.

a.

Answers may include:

Discussion may include: consideration of “little use”, the drawbacks of using national income statistics to make conclusions about the standards of living, practical difficulties of measurement and calculation, the narrowness of such statistics, economic growth versus economic development.

Examiners should be aware that candidates may take a different approach which, if appropriate, should be rewarded.

Opinions or conclusions should be presented clearly and should be supported by appropriate examples.

NB Definitions, theory, and examples that have already been given in part (a), and then referred to in part (b), should be rewarded.

Marks should be allocated according to the paper 1 markbands for May 2013 forward, part B.

b.

Examiners report

[N/A]
a.
[N/A]
b.

Syllabus sections

Last exams 2021 » Section 2: Macroeconomics » 2.1 The level of overall economic activity » Economic activity » Measures of economic activity: gross domestic product (GDP), and gross national product (GNP) or gross national income (GNI)
Last exams 2021 » Section 2: Macroeconomics » 2.1 The level of overall economic activity » Economic activity
First exams 2022 » Unit 3: Macroeconomics » 3.1 Measuring economic activity and illustrating its variations » 3.1.8 Appropriateness of using GDP or GNI statistics to measure economic well-being
Last exams 2021 » Section 2: Macroeconomics » 2.1 The level of overall economic activity
First exams 2022 » Unit 3: Macroeconomics » 3.1 Measuring economic activity and illustrating its variations
Last exams 2021 » Section 2: Macroeconomics
First exams 2022 » Unit 3: Macroeconomics
First exams 2022
Last exams 2021

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