Which macroeconomic aim, if achieved, is most likely to increase a government budget surplus?

2281_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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The table shows the income tax rate paid by workers at different levels of income in selected years for a developed economy. tax rate year 2 (%) tax rate year 1 (%) income band ($) 0 to 4999 5000 to 9999 10 000 to 19 999 20 000 to 29 999 30 000 to 49 999 50 000+ What is most likely to have been the economic objective of the government in changing the tax rates between year 1 and year 2?

2281_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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A government attempts to raise economic growth with a policy of reduced interest rates. Which other government objective is most likely to be helped in the short run?

2281_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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Subsistence farming is the practice of growing crops and raising livestock sufficient only for one’s own use without any surplus for trade. Why is it difficult for a government to measure economic growth in an economy based on subsistence farming?

2281_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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What is not a macroeconomic topic?

2281_s24_qp_12

MCQ

2024

Paper 1, Variant 2

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In which case is success for the government in achieving the first aim likely to cause problems in achieving the second?

2281_w07_qp_1

MCQ

2007

Paper 1, Variant 0

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The table shows data on selected European nations for the year 2001. GDP % change unemployment % inflation % Ireland 5.9 3.8 4.9 Belgium 1.0 6.7 2.5 Greece 4.1 10.5 3.4 Poland 1.1 16.2 5.5 What can be concluded from the table?

2281_w07_qp_1

MCQ

2007

Paper 1, Variant 0

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A government could be successful in achieving one of its economic aims. However, this could cause a subsequent result which might be undesirable. Which case would the government think undesirable?

2281_w08_qp_1

MCQ

2008

Paper 1, Variant 0

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A government decides that an economy should make more use of the market. Which policy might help to achieve this?

2281_w09_qp_1

MCQ

2009

Paper 1, Variant 0

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Which government policy would most likely lead to a redistribution of income?

2281_w10_qp_11

MCQ

2010

Paper 1, Variant 1

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