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A-LevelEconomicsThe macroeconomy9708/43 · May/June 2018 · Q725 Marks

Economic development can only be achieved by economic growth and this depends solely on higher levels of government investment. To what extent would you agree with this statement?

  1. (overall)Economic development can only be achieved by economic growth and this depends solely on higher levels of government investment. To what extent would you agree with this statement?[25]

Mark scheme

Marking points from the official mark scheme (May/June 2018). The mark or mark type is shown in brackets.

  1. [25] L4 (18-25): for an answer that examines the extent to which economic development can only be achieved by economic growth and which discusses whether economic growth is the sole determinant of investment. A conclusion would be required
  2. [25] L3 (14-17): for an answer that attempt to analyse the relationship between change in the level of investment and changes in growth and how this might impact on the level of development
  3. [25] L2 (10-13): for an answer that provides a descriptive account of the difference between economic growth and economic development and the difference between government and private investment
  4. [25] L1 (1-9): For an answer that shows some knowledge but does not indicate that the question has been fully grasped or where the answer is mostly irrelevant

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About this question

Topic
The macroeconomy, A-Level Economics (syllabus 9708). Structured question, 25 marks.
Source
A-Level Economics, May/June 2018 Paper 4 Variant 3, question 7.

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