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A-LevelEconomicsMacroeconomic ModelsOct/Nov 2017Paper 3 Q201 Mark

The diagram shows the saving and investment curves of a closed economy with no government. [Diagram] The potential level of output is OYp. Which distance measures the gap between actual and potential output?

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The correct answer is . This question tests the candidate's understanding of macroeconomic models within the Economicssyllabus. The examiner's mark scheme requires...

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2017 examination, Paper 3 Variant 1. It tests the topic of Macroeconomic Models and is worth 1 mark.

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