Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

(a)[3]

What does productive efficiency mean?

(b)[4]

Summarise the two main ideas in the article about how the economy works.

(c)[6]

Analyse how greater spending can ‘revive a weak economy’.

(d)[7]

Discuss whether the article’s final sentence conflicts with the earlier statements about the need for government.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Brief explanation of productive efficiency, referring either to a production possibility curve (PPC) or to the lowest cost of production of a given output with an elaboration.

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