ECON 4

EXAM QUESTIONS

Section 1: MACROECONOMIC INDICATORS

Economic Cycle and Economic Growth

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Section 1 :General Questions

1. Define the term ‘economic growth’. (2 marks)

2. Define the term ‘economic cycle’.(2 marks)
3. Define the ‘positive and negative output gaps’. ( 4 marks)
4. Explain, with three examples, what is meant by the term ‘demand-side
shock’. (8 marks)
5. Explain with three examples, what is meant by the term ‘supply-side
shock.’ (8 marks)
6. With the use of an appropriate diagram distinguish between short-run
economic growth and long-run economic growth. (8 marks)
7. Identify and Explain three different factors that might determine the
long-run rate of economic growth. (6 marks)
8. Examine three different benefits of economic growth on individuals, on
the economy and on environment. (9 marks)
9. Identify and explain three different factors that might determine the
long-run rate of economic growth(6 marks).

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SECTION 2 : AS Questions – Recap

1. Using the graph, identify two significant points of comparision between UK real GDP and
productivity over the period shown . (8)

2.

Jan 2014 AS

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3. Identify two significant points of comparison between the rate of growth in real GDP and
unemployment over the period shown (8) June 2012 AS

4. Identify two points of comparison between the growth in real household consumption
expenditure and the growth of real GDP between 1993 and 2006. (8marks)

June 2009 AS

5. Extract F states that, by 2005, the UK had experienced its ‘longest unbroken period of economic
growth on record’. Explain two factors which might influence the rate of economic growth. (6
marks)

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 Jan 2007 AS

6. Using Extract A, identify two significant points of comparison between the rate of growth
in real GDP and unemployment over the period shown (8)

June 2015 AS

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Section 3 : Multiple Choice Questions
1.

2.

3.

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5.

6.

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SECTION 4 : A2 Exam Papers

Question Paper 1 June 2013

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Question Paper 2 : Jan 2013

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Question Paper 3 : June 2012

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Question Paper 4: Jan 2012

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Question Paper 5 : June 2011

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Question Paper 6 : Jan 2010

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SECTION 5 : ESSAY QUESTIONS

June 2014

‘Economic Shocks can bring with them significant consequences for macroeconomic performance, as the
UK knows only too well’

1. Using at least one example of each, explain how demand-side and supply-side shocks might harm a
country’s economic growth. (15 marks)
2. Evaluate the likely impact of world economic growth on both the UK economy and on individuals in
the economy. (25)

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