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Paper 1 real world example: Government debt as a barrier to economic development
Ghana is in the middle of a huge economic crisis and has been forced to agree to a $3 billion loan from the IMF to ease its debt problems. This is a country that has fallen into economic difficulties...
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Paper 1 real world example: Foreign aid
When the new US government announced it was suspending foreign aid by freezing the budget of the US agency for international aid USAID. The Trump regime's desire to cut international development...
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Unit 4 Global Economics
This section will provide direct access to real-world examples that students can use to support their answers to the Unit 4 questions in Paper 1 of the examination. Each real-world example is presented...
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Paper 1 real-world example: Post-covid inflation rates
Question available at: Question Mark scheme available at: Mark scheme Inflation rates by country 2020-2022: Supply chain snarls and parts shortages inflated the cost of factory goods when the economy...
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Paper 1 real-world example: Supply-policies to reduce inflation
Across the world, inflation has remained stubbornly high. It is falling but not quite as fast as many governments and central banks would like. Policymakers are grappling with reasons why inflation has...
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Paper 1 real-world example: money creation, the supply of money and interest rates
On Friday 10 March US regulators shut down Silicon Valley Bank (SVB) and took control of its customer deposits in the largest failure of a US bank since 2008. How did we get to this situation? The Silicon...
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Paper 1 real-world example: Interest rates, monetary policy and inflation
There has been a breathtaking change in the approach to monetary policy in the US over the last 12 months. On Wednesday 2nd November Jerome Powell the head of the Federal Reserve (US central bank) announced...
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Paper 1 real-world example: Forecasting the macroeconomic objectives
Economic forecasting is an extremely difficult process, particularly when it involves making predictions about the economic performance of the world economy, but organisations such as the IMF, OECD and...
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Paper 1 real world example: Using market-based supply-side policies
When Javier Milei was elected president of Argentina in December 2023 he put forward a set of policies that would take the country in a different economic direction. Argentina has significant economic...
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Paper 1 real world example: The multiplier and economic development
Questions Answers Saudi Arabia has planned a new, futuristic city called megacity called Neom. Located in North West Saudi Arabia, Neom is set to be one of the first truly sustainable urban centres....