gcse economics - the big picture: past exam questions

FOUNDATION LEVEL

• Name 2 policies which a government might use to control inflation and explain how each works (6)
• What happens to the rate of inflation during a recession? (3)
• Explain why this link happens. (4)

• List 3 economic statistics that could indicate a successful economy (2)
• Do you think that a growing economy is of benefit to its citizens? Explain your answer. (9)

• List 3 ways in which a government could attempt to reduce unemployment. (3)

• What are the benefits of falling unemployment to each of the following.
a) an unemployed person (3)
b) the government (3)
c) the economy (3)
• Do you think there might be problems for the economy from falling unemployment? Explain your answer. (7)

• Give 3 causes of unemployment (3)
• What are the costs of unemployment to
a) an unemployed person
b) the government
c) the economy? (9)
• Explain 1 way in which a government might try to reduce unemployment (3)

HIGHER TIER

• Using one theory, explain how inflation might be caused. (5)
• Explain 2 causes of unemployment (6)
• Is a high rate of unemployment bad for an economy? Explain your answer. (8)

• Is a high rate of inflation always bad for an economy? Explain your answer. (12)

• The level of national income in an economy can be increased through Economic Growth. Explain how a country can achieve economic growth. (8)
• In your opinion, is economic growth desirable? Explain your answer. (10)