AQA A Level Economics Paper 2 7136/2 - 6 Jun 2022 [Exam Chat]

it was just percentage difference, no need for the negative sign

I know but it was negative so why not.

true only risk is if they thought you meant it was a -3 percent change, either way you should be fine, I just said 3.(whatever it was) percentage points

i accidentally put a positive output gap means deflation lmaooo i drew the diagram wrong so the price was lower (for the 15 mark) has anyone ever missed/done a question wrong and ended up getting a good grade? i need reassurance lol

It was % difference

It was % difference

The negatives of a positive output gap completely threw me i drew the business cycle diagram and said it happens in a boom and theres a waste of resources but i completely forgot what it was i also said that it causes inflation such as the uk currently ALTHOUGH IN THE QUESTION IT ALREADY SAID THE UK IS A NEGATIVE OUTPUT GAP not positive hahaha

Anyone do context 1? What did you get for the index number? I didn’t know how to do it but I got something like 114.5. I did 286.3-250/250 x 100 and then added a hundred, something like that anyway. Dk if it’s right ori

what did evryone talk about for context 3 25marker

Since it said difference between UK and Argentina, I got -3.45% or somewhere around that.

I don’t think it will be a minus sign, just 3.45 percent as it asked for the difference in mean unemployment rates

i did context 1
and essay 3

Did anybody do context 2?

What did you guys get for the 9 marker? I went for a decrease in AD because reduced tariffs on imports makes them cheaper so increased demand which widens the current account deficit which decreases AD and caused price levels to drop, in the extract it mentioned lower inflation results in lower growth and employment so I assumed it was demand side deflation.

And what did you all conclude for the data response 25 marker? I said target long run growth to improve all 4 objectives.

And I also did essay 2, did anybody else?