Either provide draft outlines or full responses, we will be going over these questions and 25 mark essay planning next lesson.
Q1
(a) Using Extract A, compare the CPI and RPI measures of UK inflation for the period
2000 to 2006.
(4 marks)
(b)
Extract B (lines 12–13) suggests that ‘low inflation is vital for sustained economic
success’. Explain two economic benefits of low inflation for an economy. (6 marks)
(c)
Extract B (lines 15–17) argues that, with accelerating inflation, ‘higher unemployment is likely, affecting both the economy and individuals’. Analyse three possible economic effects of higher unemployment.
(10 marks)
(d) Using the data and your economic knowledge, discuss the extent to which increases in the
money supply may increase the rate of inflation in an economy. (25 marks)
http://store.aqa.org.uk/qual/gceasa/qp-ms/AQA-ECN6-W-QP-JUN08.PDF
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