Learn Extracted exam questions IGCSE Economics 0455 Economics November 2025 Question Paper 12
0455 Economics November 2025 Question Paper 12
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People in the country cannot afford healthcare.
opportunity cost
capital goods O consumer goods
microeconomics macroeconomics study of price of a product study of demand for a product
O supply demand quantity price Pe Qe E1 E2 What is the cause of the change in the market equilibrium? a decrease in the price of a substitute good
price O quantity
+2.0
by a mixture of market forces and government intervention
$000
private benefit private cost external benefit external cost Which calculation represents social benefit? $12000 –$10000 = $2000
holidays % transport % food %
in those where the work is dangerous
by expanding the market for the product
conglomerate
$30
There are few barriers to entry.
to boost domestic output
$m taxes on goods 500 taxes on income taxes on services customs and excise duties What is the amount of indirect tax revenue?$500m
changes in interest rates and money supply
a fall in inflation
the level of unemployment
GDP per capita will decrease
employment unemployment those who are not in full-time education those who want a job but cannot get one at the current wage rate
–1 –2 –3 price change (%) year When did the country experience deflation? year 2 to year 5
supply-side policy fiscal policy create more competition decrease corporation tax
over 60 years 16–60 years under 16 years fall fall fall
Choice is limited.
a fall in the rate of inflation
import expenditure export revenue decreases decreases
increase subsidies on exports