AQA
A-level
ECONOMICS
7136/3
Paper 3 Economic Principles and Issue
Version: 1.0 Final
*JUN237136301*
IB/G/Jun23/E6 7136/3
For Examiner’s
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Section Mark
A
B
TOTAL
Monday 5 June 2023 Morning Time allowed: 2 hours
Materials
For this paper you must have:
• the Insert
• a calculator.
Instructions
• Answer all questions.
• Use black ink or black ball-point pen. Pencil should only be used for drawing.
• Fill in the boxes at the top of this page.
• You will need to refer to the Insert provided to answer Section B.
• You must answer the questions in the spaces provided. Do not write outside the box around each
page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end of
this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work that you do not want to be marked.
Information
• The maximum mark for this paper is 80.
• The marks for questions are shown in brackets.
• No deductions will be made for wrong answers.
Please write clearly in block capitals.
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I declare this is my own work.
A-level
ECONOMICS
Paper 3 Economic Principles and Issues
2
*02*
IB/G/Jun23/7136/3
Do not write
outside the Section A box
Answer all questions in this section.
Only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to select
as shown.
0 1 Figure 1 shows the demand for lemons.
Figure 1
The fall in price and increase in the quantity demanded of lemons could have been
caused by
[1 mark]
A a fall in the price of a substitute for lemons, oranges.
B a rise in the price of lemonade.
C a reduction in the price of a complement for lemons, fish.
D favourable weather leading to a record harvest.
3
*03*
Turn over ►
IB/G/Jun23/7136/3
Do not write
outside the
box 0 2 The environment is a scarce resource. A consequence of this is that
[1 mark]
A all natural resources have a market price.
B all natural resources will eventually be used up.
C the environment has an opportunity cost.
D the environment is a pure public good.
0 3 Table 1 shows the price of a packet of peanuts and the number of packets of cashew
nuts sold in a shop in one month. The price of a packet of cashew nuts is unchanged.
Table 1
Price of a packet of
peanuts
Number of packets of
cashew nuts
purchased per month
£0.80 20 000
£0.84 32 500
When the price of a packet of peanuts rises from £0.80 to £0.84, the cross elasticity of
demand for cashew nuts with respect to the price of peanuts is
[1 mark]
A –12.5
B –0.08
C +0.08
D +12.5
0 4 The change in nominal national income per head is an unsatisfactory indicator of the
change in the living standards of a country’s citizens over a period of time.
The main reason is that nominal national income per head does not take into account
[1 mark]
A consumer expenditure at market prices.
B the output produced by different sectors of the economy.
C the rate of inflation.
D the size of the population.
4
*04*
IB/G/Jun23/7136/3
Do not write
outside the
box 0 5 Figure 2 shows the injections into and withdrawals from the circular flow of income of an
economy which is in macroeconomic equilibrium.
Figure 2
In the economy, net exports are –$50bn. Which one of the combinations, A, B, C or D,
shows the levels of savings, taxation and imports [Show Less]