Learn Extracted exam questions A-Level Economics 9708 Economics November 2025 Question Paper 12
9708 Economics November 2025 Question Paper 12
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Government expenditure is an injection into the circular flow of income.
a former nationalised rail network which has been privatised
Consumers have limited influence on what is produced.
a decrease in the wages paid to apprentice engineers
O U S V T W good X good Y What is the effect on the PPC when the productivity of workers producing good X increases? The PPC shifts from ST to SV.
the amount of a consumer’s income less the amount paid in income tax
S O Y X What is measured on the X-axis and the Y-axis? Y-axis X-axis income quantity
100 100 price $quantity demand What is the price at which the price elasticity of demand is unit elastic?$0
It is an inferior good.
perishable cheap to store easy to produce yes yes yes
sales price decrease decrease
O price quantity S3 S1 S2 D2 D1 D3
price of sugar prices of drinks decrease decrease
an increase in food and energy subsidies
What is an example of an injection into the circular flow of income in an open economy? consumer spending on goods
O P1 Y1 general price level AS AD national income What is the most likely effect on employment and the general price level of a small decrease in government expenditure? general price level employment falls falls
general price level O national output AS AD AD1 What would cause a change in the aggregate demand from AD to AD1? government campaigns to encourage household savings
supply-side policy monetary policy fiscal policy ✗ ✗ ✓
increasing the rate of interest to reduce consumer spending
to improve living standards
the central bank increasing the money supply
AD curve interest rate shifts left falls
an increase in government expenditure on training
to discourage the consumption of a particular good
What is the least likely consequence of rapid economic growth? high levels of pollution
competitiveness of the country’s products
Export prices fall whilst import prices rise.
O price level real output AS1 AD1 X
imports exports fall fall
O P1 Q1 Q2 Q3 Q4 P2 R X T U V W price of rice quantity of rice Ddomestic Sdomestic Sworld Sworld + tariff How would the removal of this tariff affect the consumer surplus and the government's revenue? government revenue consumer surplus decreases by WVTX increases by VUT