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Date November 2019 Marks available 15 Reference code 19N.1.SL.TZ0.4
Level Standard level Paper Paper 1 Time zone Time zone 0
Command term Discuss Question number 4 Adapted from N/A

Question

Explain, using a production possibilities curve (PPC) diagram, an increase in the actual output of an economy.

[10]
a.

Discuss the view that economic growth always leads to a rise in living standards.

[15]
b.

Markscheme

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

Answers may include:

a.

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

Answers may include:

Discussion may include: consideration that economic growth may not always lead to a rise in living standards because of factors such as environmental costs, the distribution of income, inflation and how the increased use of capital intensive technology may lead to unemployment.

b.

Examiners report

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

Syllabus sections

Last exams 2021 » Section 2: Macroeconomics » 2.3 Macroeconomic objectives » Economic growth » Consequences of economic growth
First exams 2022 » Unit 3: Macroeconomics » 3.3 Macroeconomic objectives » 3.3.1 Economic growth
Last exams 2021 » Section 2: Macroeconomics » 2.3 Macroeconomic objectives » Economic growth
Last exams 2021 » Section 2: Macroeconomics » 2.3 Macroeconomic objectives
First exams 2022 » Unit 3: Macroeconomics » 3.3 Macroeconomic objectives
Last exams 2021 » Section 2: Macroeconomics
First exams 2022 » Unit 3: Macroeconomics
First exams 2022
Last exams 2021

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