Mark scheme Q5 unit 4 (unit 4.10)
This exam style question was written by me for the new syllabus, taking into consideration the guidance received during the recent economics up-skilling workshop. Section B questions now require candidates to explicitly apply their response to a real world situation.5. (a) Illustrate the impact of a fall in the world price of oil on aggregate supply and gross domestic product (GDP) in an economy. [10 marks]
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