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A-Level Sociology and A-Level Economics complete lesson notes, exam preparation, model answers and revision resources

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A-Level Sociology and A-Level Economics complete lesson notes, exam preparation, model answers and revision resources
AAT L2 Bookkeeping Controls ALL NOTES
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AAT L2 Bookkeeping Controls ALL NOTES

4 Resources
15% OFF ALL NOTES for AAT Level 2 Foundation Certificate in Accounting Module: Bookkeeping Controls ALL CHAPTERS 1-6 Notes made using BPP Learning Media Course Book
Economics- Macro- advantages of globalisation (25 marker)
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Economics- Macro- advantages of globalisation (25 marker)

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MODEL ANSWER Extract C (line 15) states that due to globalisation, ‘for many workers in the West economic stagnation is actually now the new norm’. Using the data in the extracts and your economic knowledge, assess the view that globalisation has been entirely advantageous to the UK economy. (25 marks)
Economics- Macro- spare capacity and inflation (9 marker)
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Economics- Macro- spare capacity and inflation (9 marker)

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MODEL ANSWER Extract B (lines 7-8) states that increased openness of the UK economy has ‘weakened the usual link between the amount of spare capacity in an economy and inflationary pressure’. With the help of a diagram, explain why the level of spare capacity is usually inversely correlated with the amount of inflationary pressure in an economy. (9 marks)
Economics- Macro- protectionism and economies (25 marker)
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Economics- Macro- protectionism and economies (25 marker)

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MODEL ANSWER Extract C (lines 10-11) suggests that ‘Increased protectionism could be damaging as the UK is placing much of its hopes for export success on the growing Chinese market’. Using the data in the extracts and your economic knowledge, evaluate the view that the use of protectionism is inevitably damaging to economies. (25 marks)
Economics- Macro- tariffs and imports (9 marker)
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Economics- Macro- tariffs and imports (9 marker)

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MODEL ANSWER Extract B (lines 12-13) states ‘The Government last night released research suggesting a US-EU agreement sweeping away trade barriers would particularly benefit the automotive, financial and chemical sectors’. With the help of a diagram, explain the extent to which the removal of a tariff might affect the volume of imports into the UK. (9 marks)
Economics- Macro- monetary policy and stability (25 marker)
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Economics- Macro- monetary policy and stability (25 marker)

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MODEL ANSWER Extract F (lines 14-17) states ‘Investment forecasts are being revised downward and on top of speculation of interest rate rises and criticism of the UK’s quantitative easing programme, the outlook is not looking as good as forecasts first indicated.’ Using the data in the extracts and your economic knowledge, evaluate the effectiveness of monetary policy in achieving macroeconomic stability in the UK. (25 marks)
Economics- Macro- interest rates and economic growth (9 marker)
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Economics- Macro- interest rates and economic growth (9 marker)

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MODEL ANSWER Extract E (lines 4-6) states ‘the UK may soon be growing at an annual rate of between 3 and 4% and the Bank could not be certain when it might need to tighten policy.’ With the help of a diagram, explain why interest rates may need to rise if growth rates increase (9 marks)