A-LevelEconomicsMacroeconomic ObjectivesMay/June 2017Paper 3 Q301 Mark
The economy of a country is simultaneously experiencing a balance of payments deficit, a budget deficit, demand-pull inflation and unemployment. The government decides to cut personal income taxes. What is most likely to be its main macroeconomic objective? A to improve the balance of payments position B to reduce the budget deficit C to reduce the level of unemployment D to reduce the rate of inflation
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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