DP Economics
Question 18M.1.HL.TZ1.3a
| Date | May 2018 | Marks available | [Maximum mark: 10] | Reference code | 18M.1.HL.TZ1.3a |
| Level | HL | Paper | 1 | Time zone | TZ1 |
| Command term | Explain | Question number | a | Adapted from | N/A |
a.
[Maximum mark: 10]
18M.1.HL.TZ1.3a
(a)
Explain the possible impact of an increase in wealth and consumer confidence on aggregate demand.
[10]
Markscheme
Answers may include:
- definitions of wealth, consumer confidence, aggregate demand (AD)
- diagram(s) to show AD shifting to the right
- explanation of the possible impact of an increase in wealth and consumer confidence on AD
- examples of increases in wealth and consumer confidence.
Marks should be allocated according to the Paper 1 markbands for May 2013 forward, part A.
