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2.2 Government objectives

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Question 60

Kestria's government is reviewing the country's progress towards its economic objectives. Table 1 presents economic and environmental data for the latest year.

IndicatorValue
Exports of goods and services€324 billion, up 7.5%
Imports of goods and services€301 billion, up 2.0%
Net primary and secondary income-€9 billion
Current account balance+€14 billion
Real GDP growth4.1%
Unemployment rate3.4%
CPI inflation rate6.2%
Change in greenhouse gas emissions+5.8%

Using Table 1, assess the view that Kestria's economic performance should be judged as successful because it has a current account surplus.

[9]
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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