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2.2 Government objectives

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Question 100

Table 1 shows selected economic indicators for Ardin in two consecutive years.

IndicatorYear 1Year 2
Exports of goods and services£420 billion£428 billion
Imports of goods and services£438 billion£405 billion
Net primary and secondary income-£6 billion-£6 billion
Current account balance-£24 billion+£17 billion
Real GDP growth2.4%-0.8%
Unemployment rate4.2%6.7%
CPI inflation5.0%2.1%

Using Table 1, assess the significance of the changes in Ardin's economic indicators for its overall economic performance between Year 1 and Year 2.

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Markscheme

2.2 Government objectives Questions

  1. GCSE
  2. /Economics
  3. /2.2 Government objectives

189 exam-style questions on AQA GCSE Economics 2.2 Government objectives, covering 2.2.1a The main economic objectives, 2.2.1b Conflicts between government objectives, 2.2.1c Other objectives and ethical considerations, 2.2.2a The significance of economic growth, 2.2.2b Causes, costs, benefits and policies for growth, 2.2.2c GDP measures and calculations, 2.2.3a Measuring employment and unemployment, 2.2.3b Types and causes of unemployment, 2.2.3c Consequences and policies for unemployment, 2.2.4a What inflation is, 2.2.4b Measuring inflation with the CPI, 2.2.4c Causes, consequences and control of inflation, 2.2.5a Balance of trade and balance of payments, 2.2.5b Current account surpluses and deficits, 2.2.5c Policies to influence the balance of payments, 2.2.6a Income and wealth inequality in the UK, 2.2.6b Causes and consequences of inequality, and 2.2.6c Redistributing income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.

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