Paper 3 question on economic growth, trade creation and diversion
IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on government indebtedness, taxation, GDP, and circular flow of income. Turkey is a middle income country, whose economy has struggled with high rates of inflation and falling levels of economic...