A-LevelEconomicsMacroeconomic Aims and PoliciesOct/Nov 2016Paper 1 Q201 Mark
In 2012, the rate of inflation in Botswana was 7.5%. Person X kept all of their savings in the form of cash while Person Y put their savings into a bank account on which they earned 5.0% interest. What was the effect on the real value of their savings by the end of the year? Person X Person Y A decrease decrease B decrease increase C no change decrease D no change increase
Adecrease
decrease
Bdecrease
increase
Cno change
decrease
Dno change
increase
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of macroeconomic aims and policies within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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