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CIE 9708 A2 Economics Data Response Answering Tips
Mark Allocation Strategies 2–3 Mark Questions (Definitions/Identification): Marks are awarded for precise definitions and identifying key data points. For example, defining "recession" requires linking the term to Gross Domestic Product (GDP), specify that there is negative growth of GDP or output and state the specific time requirement: over 2 consecutive quarters (6 months) 4–5 Mark Questions (Analysis/Explanation): These usually require a logical chain of reasoning or a d

Caris
Apr 15


The Impact of PED on Consumer Surplus
This post will clarify how changes in price can differently impact consumer surplus depending on whether demand is elastic or inelastic....
May 29, 2024
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