OCR A Level Economics Macroeconomics June 2024 question paper H460/02

Using information from the stimulus material, identify two components of Kenya’s aggregate demand.

Using information from the stimulus material, calculate to one decimal place Kenya’s terms of trade in 2019.

Explain if the relationship in Fig. 1 between IDA assistance per capita and GDP per capita is the expected one.

Using Table 1, explain the relationship between mean years of schooling and life expectancy.

Using information from the stimulus material, evaluate whether the increase in Kenya’s government spending is likely to increase the government’s budget deficit.

* Using information from the stimulus material, evaluate whether Kenyans are likely to benefit

from globalisation.

2* Finland and the Philippines are experiencing rapid advances in technology. In 2021, they both had an unemployment rate of 8.7%.

Evaluate, with the use of an appropriate diagram(s), whether advances in technology will help a

government to achieve its macroeconomic policy objectives.

3* In recent years, household and business surveys have revealed improved economic expectations in many African countries.

Evaluate, with the use of an appropriate diagram(s), whether improved economic expectations

will benefit an economy.

4* Nearly half of South Africa’s population was considered to be living in poverty in 2021. The South African government uses fiscal policy measures to reduce poverty.

Evaluate whether fiscal policy can reduce poverty.

5* In 2021, the Economic Affairs Committee of the House of Lords in the UK published a report which questioned whether the Bank of England was addicted to using quantitative easing as a monetary policy measure.

Evaluate whether quantitative easing is an effective monetary policy measure.