Paper 2: AS Level Data Response and Essays · 9708/22

Cambridge International (CAIE) AS Paper 2, March 2024

All 13 written questions from Cambridge International (CAIE) AS Paper 2 (March 2024), AS Level Data Response and Essays. Case studies: Artificial Intelligence. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme

Section A

Case study

Artificial Intelligence

In the extracts: China, Japan, Artificial Intelligence, United States, US GDP

Q1(a)Compare2 marks

Using the information in Table 1.1, compare the change in projected real GDP growth of Japan with that in the US between 2022 and 2025.

TopicEconomic growth4.3 Aggregate demand and aggregate supply analysis

Question paper p.3 Mark scheme p.8 Open in the tool

Q1(b)Demonstrate2 marks

With the help of a production possibility curve (PPC) diagram, demonstrate the likely impact of increased investment in AI on the Japanese economy in the long run.

TopicProduction possibility curves

Question paper p.3 Mark scheme p.8 Open in the tool Draw it: PPF diagram

Q1(c)Consider4 marks

With the help of a demand and supply diagram, consider the impact of additional investment in AI on the price and output of a US carmaker.

TopicThe interaction of demand and supply4.3 Aggregate demand and aggregate supply analysis4.5 Unemployment

Question paper p.3 Mark scheme p.8 Open in the tool Draw it: supply and demand diagram

Q1(d)Assess6 marks

Assess the possible impact on unemployment in Japan as a result of the increased investment in AI.

TopicUnemployment

Question paper p.3 Mark scheme p.8 Open in the tool

Q1(e)Assess6 marks

Assess the likely impact of the growth of AI on the specialisation and trade of a country such as Japan.

TopicThe reasons for international trade4.3 Aggregate demand and aggregate supply analysis

Question paper p.3 Mark scheme p.9 Open in the tool

Section B

Q2(a)OptionalExplain8 marks

With the help of a demand and supply diagram, explain how the introduction of an indirect tax affects equilibrium in a market and consider the extent to which the incidence of the tax will fall on the consumer.

Mark splitKnowledge 3Analysis 3Evaluation 2

TopicMethods and effects of government intervention in markets

Question paper p.4 Mark scheme p.10 Open in the tool Draw it: indirect tax diagram

Q2(b)OptionalAssess12 marks

Assess whether the improved provision of information is likely to be the best method to reduce the consumption of demerit goods.

TopicClassification of goods and services

Question paper p.4 Mark scheme p.11 Open in the tool Practise the negative externality diagram

Q3(a)OptionalExplain8 marks

With the help of a formula, explain the meaning of income elasticity of demand and consider the extent to which a rise in income will increase the consumption of all goods and services.

Mark splitKnowledge 3Analysis 3Evaluation 2

TopicPrice elasticity, income elasticity and cross elasticity of demand

Question paper p.4 Mark scheme p.12 Open in the tool Practise the YED and XED diagram

Q3(b)OptionalAssess12 marks

Assess whether an estimate of the price elasticity of demand for a product is likely to be more useful to a firm than an estimate of its price elasticity of supply.

TopicPrice elasticity, income elasticity and cross elasticity of demand2.3 Price elasticity of supply

Question paper p.4 Mark scheme p.13 Open in the tool Practise the PED and PES diagram

Section C

Q4(a)OptionalExplain8 marks

Explain what is meant by a depreciation of the exchange rate and consider whether a depreciation is likely to increase domestic real output.

Mark splitKnowledge 3Analysis 3Evaluation 2

TopicExchange rates

Question paper p.4 Mark scheme p.14 Open in the tool Practise the AD/AS diagram

Q4(b)OptionalAssess12 marks

Assess whether contractionary fiscal policy is likely to be the best way to reduce a current account deficit on the balance of payments.

TopicPolicies to correct imbalances in the current account6.3 Current account of the balance of payments

Question paper p.4 Mark scheme p.15 Open in the tool Practise the AD/AS diagram

Q5(a)OptionalExplain8 marks

With the help of an aggregate demand and aggregate supply diagram, explain how a decrease in interest rates could cause economic growth and consider whether economic growth will always result in inflation.

Mark splitKnowledge 3Analysis 3Evaluation 2

TopicEconomic growth4.6 Price stability

Question paper p.4 Mark scheme p.16 Open in the tool Draw it: AD/AS diagram

Q5(b)OptionalAssess12 marks

Assess whether economic growth is always desirable for an economy.

TopicEconomic growth

Question paper p.4 Mark scheme p.17 Open in the tool

Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

Artificial Intelligence

Section B

Section C

Other years of Cambridge International (CAIE) AS Paper 2

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