8 questions on Economic Growth (Edexcel specification 2.1.1) from the A-Level Economics papers, 2017–2022. Every question links to the official mark scheme at the page its answer begins on.
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With reference to Figure 2, assess whether an increase in real income improves subjective happiness within the UK.
2.1.1 Measuring Economic Growth · 2.5.4 The Impact of Economic Growth
With reference to the fourth paragraph of Extract A, assess the limitations of using GDP to compare living standards over time.
Explain one likely reason why ‘the UK Government expects the UK economy to perform better than Germany and Italy’ (Extract A, lines 19–20).
With specific reference to Figure 3, explain why productivity is measured by ‘GDP per hour worked, nominal values at PPPs’.
With reference to the last paragraph in Extract C, assess the impact of a fall in real incomes on subjective happiness.
With reference to Figure 3, assess the likely impact of the change in the value of exports, since mid-2016, on the economic growth of the UK. Use an aggregate demand and aggregate supply diagram in your answer.
With reference to Figure 4, Extract B and your own knowledge, discuss the limitations of using GDP data to compare living standards between the UK and developing countries.
With reference to Figure 2 and Extract A, explain two likely reasons why the growth of the UK’s nominal GDP per capita at PPPs was slower than that of Germany after 2010.
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