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1.1 Economic methodology and the economic problem

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Question 15

Extract B (lines 8–11) states: 'The widespread integration of autonomous agricultural robotics and algorithmic financial trading platforms is projected to drive a major and permanent increase in labor productivity across all sectors.'

Draw a production possibility frontier (PPF) diagram showing the output of two categories of products, 'agricultural produce' and 'financial services'. Show on your diagram the effect of a widespread increase in productivity across the economy due to this technological integration.

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Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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