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ECONOMICS 9708/42 Paper 4 Data Response and Essays 2017
发布时间：2022-05-07
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ECONOMICS 9708/42
Paper 4 Data Response and Essays
2017
Section A
Answer this question.
1 Monetary policy and economic growth
Between 2009 and 2014, the central bank of the United Kingdom (UK) used policy measures of
A policy of QE was also followed by the United States (US) central bank but was criticised by
By contrast, it was suggested that the greatest threat to global economic development was the culture
One way to find new opportunities and encourage growth would be to look to emerging markets. They
One country that offers great potential is Nigeria. About 43% of its population is under the age of 15,
112.50
110.00
107.50
105.00
102.50
100.00
3
Fig. 1 Crude oil price (US$) per barrel
Mar 31, Apr 28, May 26, Jun 23, Jul 21, Aug 18,
2014 2014 2014 2014 2014 2014
Fig. 2 Nigeria real GDP per head (US$ at constant 2000 prices)
1097.97
2006 2007 2008 2009 2010 2011 2012 2013 2014
Source: Daily Telegraph, 10 February 2012 and Sunday Telegraph, 12 April 2015.
(a) Explain what is meant by ‘the extra money was depressing the value of the US dollar on the
(d) Discuss the evidence in the information that companies have a different opinion to the
[Turn over
4
Section B
Answer two questions.
2 Choice is an essential part of economics. Sometimes consumers change their choices either
Analyse how the economic theory of indifference curves can be used to construct a consumer’s
3 (a) Explain the difference between price leadership and price discrimination. [12]
(b) Discuss whether firms always want to maximise profits and are able to do so in the way
4 (a) Explain why people demand money according to the liquidity preference theory. [12]
(b) In 2016 the Trade Unions called a strike of bus and train drivers after a demand for higher
Use the economic theory of wages to discuss whether a demand for higher wages is likely to
5 Economic models have little practical relevance.
Discuss whether this is true of the analysis of how a fall in interest rates might affect an economy’s
GDP. [25]
6 (a) Developed countries sometimes prevent investment in rural areas while developing countries
(b) Why is it important to use qualitative data as well as quantitative GDP data when considering
7 The driving force of some governments is to bring the benefits of competition to formerly
(a) Explain the benefits that might occur in a more competitive market compared with a
(b) Discuss why competitive markets in the private sector are not always the most efficient means
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