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A-LevelEconomicsThe macroeconomy9708/42 · Oct/Nov 2019 · Q725 Marks

Discuss whether countries at different stages of development should use different methods of measuring living standards.

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

  1. Conventional measures of economic well-being e.g. real GDP per head. The advantages and disadvantages of this measure when applied to different economies. The use of alternative measures when applied to different economies e.g. Multidimensional Poverty Index (MPI), (Human Development Index) HDI and MEW.
  2. L4 (18-25 marks): For a discussion of the advantages and disadvantages of two methods of measuring living standards in developed and developing economies. A conclusion will be drawn. (Max. 21 if no conclusion).
  3. L3 (14-17 marks): For a discussion of the advantages and disadvantages of one method of measuring living standards with some reference to developed or developing economies.
  4. L2 (10-13 marks): For an accurate though undeveloped explanation of one method and some limitations.
  5. L1 (1-4 marks): For an answer that shows some knowledge but does not indicate that the question has been fully grasped, or where the answer contains irrelevancies and errors of theory.

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About this question

Topic
The macroeconomy, A-Level Economics (syllabus 9708). Structured question, 25 marks.
Source
A-Level Economics, Oct/Nov 2019 Paper 4 Variant 2, question 7.

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