Economics 9708 · AS & A Level · Labour market

Labour market — practice question

(a)[8]

Explain how expenditure-switching and expenditure-dampening policies differ as methods of correcting a balance of payments disequilibrium.

(b)[12]

Outline the current account position of your country, or another economy you have studied. Discuss how far it can improve its current account performance.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Understanding of the terms (Disequilibrium involves persistent deficit or surplus problems, which are not sustainable)” …

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