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Transcript
–3–
N15/3/ECONO/HP2/ENG/TZ0/XX/M
Use the paper-specific markscheme together with the markbands. Award up to the maximum
marks as indicated.
Section A
1.
(a)
(i)
List two components of the financial account (paragraph ).
Level
0 The work does not reach a standard described by the descriptors
below.
(ii)
[2]
Marks
0
1
Vague response.
Any one of the following components:
• direct investment (net)
• portfolio investment (net)
• reserve assets (funding).
1
2
Accurate response.
Any two of the following components:
• direct investment (net)
• portfolio investment (net)
• reserve assets (funding).
2
Define the term consumption indicated in bold in the text (paragraph ).
Level
0 The work does not reach a standard described by the descriptors
below.
[2]
Marks
0
1
Vague definition.
The idea that it is a component of AD, or that it is consumer spending.
1
2
Accurate definition.
An explanation that it is spending by households (consumers) on
goods and services.
2