Economics SL Paper 2

Economics SL Paper 2 - c IB DIPLOMA PROGRAMME PROGRAMME DU...

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ECONOMICS STANDARD LEVEL PAPER 2 Wednesday 10 November 2004 (morning) 2 hours N04/3/ECONO/SP2/ENG/TZ0/XX c IB DIPLOMA PROGRAMME PROGRAMA DEL DIPLOMA DEL BI 88045105 8804-5105 6 pages INSTRUCTIONS TO CANDIDATES ! Do not open this examination paper until instructed to do so. ! Section A: answer one question. ! Section B: answer one question. ! Use diagrams and real-world examples where appropriate.
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SECTION A Answer one question from this section. Either Question 1 Study the tables below and answer all the parts of the question that follow. The tables below show comparative economic data for five different countries in 2001. 26 480 28 173 15 770 22 630 27 120 GDP per head ($ at PPP*) 32 720 24 048 8 870 12 620 20 880 GDP per head ($) 0.15 3.26 GDP (% real change pa) 4 148 162 423 282 86 GDP ($ bn) Japan Hong Kong South Korea Taiwan Singapore * PPP = Purchasing power parity 19.52 5.47 7.53 5.44 6.81 Labour costs per hour ($) 5.03 4.93 3.70 4.58 3.33 Recorded unemployment (%) 4.1 0.0 1.0 Consumer price inflation (%) Japan Hong Kong South Korea Taiwan Singapore n/a 2.3 12.9 2.2 2.1 Debt-service ratio, paid (%) n/a 47.1 121 18.5 9.2 External debt ($ bn) 395 111 103 122 75 Foreign exchange reserves ($ bn) 2.1 7.4 2.0 6.7 27.2 Current account balance (% of GDP) 88.0 12.0 8.6 19.0 23.3 Current account balance ($ bn) Japan Hong Kong South Korea Taiwan Singapore [Source: adapted from the Economist Intelligence Unit N04/3/ECONO/SP2/ENG/TZ0/XX 8804-5105
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[2 marks] [2 marks] (a) Define the following terms, indicated in bold in the tables:
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This note was uploaded on 09/30/2011 for the course CHEM 102 taught by Professor Tina during the Spring '11 term at Global.

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Economics SL Paper 2 - c IB DIPLOMA PROGRAMME PROGRAMME DU...

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