Sample 1

IB Economics: Sample 1

(i) 2 marks for a complete definition.(i) 1 mark for recognition that a quota is a limit on imports.b. (i) Economic growth is minus 104% (2.58 / 2.48)Unemployment rate 5%2 marks for a correct calculation of economic growth. Unemployment calculation correct. b. (ii)The type of unemployment is probably cyclical unemployment because it happened at the same time as economic growth fell, suggesting a recession.


To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.