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.

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