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Economics IGCSEPDF 94
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Explain the difference between
allowing more spending on
public services.
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If AD rises faster
than AS, prices may be
pushed up.
○ Income Inequality: Benefits
may be concentrated among
the rich (e.g., shareholders,
skilled workers).
○
and
K: Stable growth means a reliable, sustained increase in national output and income.
Analyse the benefits to a government of achieving a stable and sustainable rate of economic
growth.
Question 6.3 (8 Marks)
Discuss whether the benefits of economic growth are evenly distributed across the population of
a country.
Increased production and
consumption lead to higher
pollution and resource
depletion.
K: Nominal GDP measures the value of an economy's output using current market
prices.
A: Real GDP measures the value of an economy's output using constant prices from a
base year.
A: Real GDP is the true measure of economic growth because it adjusts (deflates)
nominal GDP for the effects of inflation, showing whether the actual volume of goods
and services produced has increased.
Question 6.1 (4 Marks)
Question 6.2 (6 Marks)
Costs:
Inflation:
Nominal Gross Domestic Product (GDP)
Real GDP.
Environmental Damage:
Solved Answers (Note Form)
Unsolved Past Paper Questions
Q6.1: Nominal vs. Real GDP (4 Marks)
Q6.2: Benefits of Stable Growth to Government (6 Marks)