EcoHL P3 N02

EcoHL P3 N02 - ECONOMICS HIGHER LEVEL PAPER 3 Tuesday 5...

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Unformatted text preview: ECONOMICS HIGHER LEVEL PAPER 3 Tuesday 5 November 2002 (morning) 2 hours N02/330/H(3) IB DIPLOMA PROGRAMME PROGRAMME DU DIPL&ME DU BI PROGRAMA DEL DIPLOMA DEL BI c 882-033 6 pages INSTRUCTIONS TO CANDIDATES ! Do not open this examination paper until instructed to do so. ! Answer one question from Section A and one question from Section B. ! Use diagrams where appropriate. SECTION A Answer one question from this section. Question 1 Iceland&s Economy Look carefully at the three tables below and answer the questions that follow. Note that specific information about Iceland is not required. Item 1 Item 2 1996 97 98 99 2000 01 2 4 6 GDP % increase on previous year 1996 97 98 99 2000 01 2 4 6 Consumer prices % increase on a year earlier Item 3 1996 97 98 99 2000 01 2 4 6 8 Unemployment % of labour force [Source The Economist , 8 January 2000] & 2 & N02/330/H(3) 882-033 Iceland OECD Iceland OECD Iceland OECD [2 marks] [2 marks] (a) (i) In Item 1 what is meant by the term &GDP % increase on previous year? (ii) From the information given in Item 2 describe what happened to the price level in Iceland during the period 1996 to 2000....
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EcoHL P3 N02 - ECONOMICS HIGHER LEVEL PAPER 3 Tuesday 5...

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