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Paper 3 question on market equilibrium, PES, measuring GDP and PPP

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 market equilibrium, PES, measuring GDP and PPP.Country A is a low income economy situated in Africa, with a total GDP per capita of just $7,200 (PPP) in 2023. 75% of the nation"s export revenues...

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