(a)[8]
Explain two causes of economic growth and judge how far their effects can be measured.
(b)[12]
Assess the extent to which economic growth is always beneficial for the people and government in an economy.
Economics 9708 · AS & A Level · Unemployment
Explain two causes of economic growth and judge how far their effects can be measured.
Assess the extent to which economic growth is always beneficial for the people and government in an economy.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “AO1 Knowledge and understanding (max 3): Economic growth is the rise in the real value of goods and services produced in an economy over time (1); explanation of two causes (e.g. increase in AD — higher real wages, direct tax cuts, lower interest rates; increases in LRAS — increased investment, increased productivity) (1+1).” …