Macroeconomics

Paper labels are an unofficial, independently authored grouping, applied only where a question's own format genuinely matches a real paper convention (such as IB Mathematics AA's non-calculator/calculator split). They do not reproduce any exam board's real paper numbering or mark allocation, and uncertain questions are labelled general practice instead.

• 1A country's consumer price index (CPI) was 112 last year and rose to 117.6 this year. (a) Calculate the rate of inflation over the year. (b) State one group in the economy likely to be harmed by unexpected inflation, and explain why. (c) State one group likely to benefit from unexpected inflation, and explain why.Paper 2 styleMedium5 marksCalculator+
• 2Marking analysis: A learner attempts the following task: “A country's consumer price index (CPI) was 112 last year and rose to 117.6 this year. (a) Calculate the rate of inflation over the year. (b) State one group in the economy likely to be harmed by unexpected inflation, and explain why. (c) State one group likely to benefit from unexpected inflation, and explain why.” Their response addresses only this point: “Calculates the change in CPI as 117.6 − 112 = 5.6.” Evaluate the response against the complete 5-mark task. Identify what earns credit and state every additional requirement needed for full marks.Marking analysisMedium5 marksNo calculator+
• 3Following the widespread introduction of self-checkout machines in supermarkets, a number of cashiers lose their jobs, and finding new employment in other sectors requires them to retrain. (a) Identify the type of unemployment described. (b) Explain why the cashiers' existing skills no longer match what employers require. (c) Suggest one government policy that could help reduce this type of unemployment.Paper 1 styleEasy3 marksNo calculator+
• 4Marking analysis: A learner attempts the following task: “Following the widespread introduction of self-checkout machines in supermarkets, a number of cashiers lose their jobs, and finding new employment in other sectors requires them to retrain. (a) Identify the type of unemployment described. (b) Explain why the cashiers' existing skills no longer match what employers require. (c) Suggest one government policy that could help reduce this type of unemployment.” Their response addresses only this point: “Identifies structural unemployment, caused by a change in the skills demanded by the economy.” Evaluate the response against the complete 3-mark task. Identify what earns credit and state every additional requirement needed for full marks.Marking analysisEasy3 marksNo calculator+
• 5An economy is experiencing a recession, with rising unemployment and falling output. (a) State one expansionary fiscal policy the government could use. (b) Explain how this policy could increase aggregate demand, referring to the multiplier effect. (c) State one possible drawback of using this policy, such as its effect on the government budget.Paper 2 styleMedium4 marksNo calculator+
• 6Marking analysis: A learner attempts the following task: “An economy is experiencing a recession, with rising unemployment and falling output. (a) State one expansionary fiscal policy the government could use. (b) Explain how this policy could increase aggregate demand, referring to the multiplier effect. (c) State one possible drawback of using this policy, such as its effect on the government budget.” Their response addresses only this point: “States a valid expansionary fiscal policy, such as increased government spending or a cut in taxation.” Evaluate the response against the complete 4-mark task. Identify what earns credit and state every additional requirement needed for full marks.Marking analysisMedium4 marksNo calculator+