Economics 9708 · AS & A Level · Unemployment
Explain two possible causes of economic growth and judge whether the effects of economic growth on an economy are always beneficial.
Assess whether a government should always prefer an expansionary fiscal policy over a contractionary fiscal policy.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “AO1 Knowledge and understanding (max 3 marks): A clear understanding of what economic growth means (1) together with two possible causes of economic growth, such as: an increase in the number of workers; an improvement in the quality of workers (education/training); greater commitment to R&D; improvement in technology; investment in capital stock; increased mobility/flexibility of factors; development of new export markets. (Up to 2 marks for causes).” …