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Cambridge IGCSE Economics practice

Paper 2 structured question: The macroeconomic aims of government

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The macroeconomic aims of government

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Paper 2Structured Questions4 marks

Analyze the implications of prioritizing economic growth over balance of payments stability.

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Economic Growth and Balance of Payments

A country is experiencing rapid economic growth, but its trade deficit is widening as imports increase significantly.

  1. a

    Discuss the potential consequences of prioritizing economic growth at the expense of balance of payments stability.

    Aim for approximately 4 distinct marking points.

    [4]

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Paper 2 structured question: The macroeconomic aims of government

Paper 2Structured Questions4 marks

Description

Government Economic Policy

The government has implemented policies to stimulate the economy and reduce unemployment. However, these policies have led to rising inflation rates.

  1. a

    Explain the potential conflict between achieving full employment and maintaining stable prices.

    Aim for approximately 4 distinct marking points.

    [4]