ECONOMICS1230 - 9708 W21 Qp 22.pdf - Cambridge International As & A Level Economics 9708/22 October/november 2021 Paper 2 Data Response And Essay 1 Hour 30 Minutes * 2

This document has4pages. Cambridge International AS& A Level ECONOMICS9708/22 Paper 2 Data Response and EssayOctober/November2021 1 hour 30 minutes You must answer on the enclosed answer booklet. You will need:Answer booklet (enclosed) INSTRUCTIONS ●Answertwoquestions in total: Section A: answer Question 1. Section B: answeronequestion. ●Follow the instructions on the front cover of the answer booklet. If you need additional answer paper, ask the invigilator for a continuation booklet. ●You may use a calculator. ●You may answer with reference to any economy you have studied where relevant to the question. INFORMATION ●The total mark for this paper is 40. ●The number of marks for each question or part question is shown in brackets [ ]. * 2 2 7 2 6 6 5 1 2 8 * DC (LK) 207435/2 © UCLES 2021[Turn over

2 9708/22/O/N/21© UCLES 2021Section A Answer this question. 1India no longer the world’s fastest-growing economy Table 1.1: India – components of aggregate demand as % of total demand Components of aggregatedemand as % of total demand Quarter 4 2018Quarter 1 2019 Consumption expenditure58.9%56.8% Investment expenditure34.5%31.8% Government expenditure9.7%9.9% Export expenditure21.8%20.0% Source: Trading Economics India’s income has grown at its slowest rate in almost five years, according to the latest data released by the government. In the past financial year - April 2018 to March 2019 - income grew by 6.8%. And in the quarter between January and March 2019, it expanded by just 5.8% - falling behind the rate of China’s growth for the first time in nearly two years. This means India is no longer the world’s fastest-growing economy. The new data make it clear that India is facing an economic slowdown.