2018 H2 Economics Paper 2 Essay 4: Suggested Answers
How to use these essay answers. The responses below, including the part (a) answer, are structured guides to the requirements of the question, the content, analysis and evaluation a strong answer must cover, rather than full essay prose with a written introduction and conclusion. Use them to see what to include and how to build the argument, then write it up in your own continuous prose, adding your own introduction and conclusion.
This essay assesses whether a sizeable increase in government expenditure, such as that announced in Singapore's 2016 budget, is likely to have a significant impact on the economy's performance across growth, inflation, unemployment and the balance of payments.
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Assess whether an increase in government expenditure, such as that announced in the 2016 budget, is likely to have a significant impact on Singapore's economic performance.
- Define economic performance through the key macroeconomic indicators and state what is ideal for Singapore.
- Trace the short run impact of higher government spending on aggregate demand and the indicators it moves.
- Reason through how the multiplier is moderated in Singapore's economic structure.
- Develop the long run, supply-side channel of productive spending on capacity, and the inflation and balance of payments risks.
- Identify the contextual factors that decide how significant the impact is, including financing, slack and the relative size of the spending.
- Weigh the factors and conclude on the extent of the impact and what it depends on.
This part is gated. The full model answer with the worked ad and as analysis and the evaluative judgment, with the diagrams and the full evaluation, is in the ETG TYS Answers book from SAP and is worked live in the TYS Crashcourse. ETG students also get the AI TYS coach that guides them through this exact question. Message the team to find out more.
Tests: Fiscal policy, Multiplier effect
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Where can I get the full worked answers to the 2018 H2 Economics paper 2 essay 4?
The full model answers, with the diagrams and the higher mark evaluation, are in the ETG TYS Answers book published by SAP and sold at Popular, and are worked live in the TYS Crashcourse. Every ETG student also gets the AI TYS coach on our learning management system, which guides you through how to tackle every essay and every case study question from the last ten years.
Are these the official 2018 A Level Economics answers?
No. SEAB sets and marks the A Level paper. These are suggested answers by Mr Eugene Toh, author of the H1 and H2 A Level Economics TYS answer keys, published by SAP and sold at Popular.
How should I use these suggested essay answers?
Treat them as a guide to the requirements of the question, the content, analysis and evaluation a strong answer must cover, not as full essay prose. Write the essay up in your own continuous prose, with your own introduction and conclusion.
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