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Question 18M.1.HL.TZ1.a

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Date May 2018 Marks available [Maximum mark: 10] Reference code 18M.1.HL.TZ1.a
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.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.

Syllabus sections