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Economics: Advanced Gce

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Economics: Advanced Gce

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王涛

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ADVANCED GCE

ECONOMICS F585
The Global Economy

Tuesday 1 February 2011

* O C E / 3 3 3 3 4 *

Candidates answer on the question paper.

OCR supplied materials:

Afternoon
• Clean copy of Stimulus Material
Duration: 2 hours
Other materials required:
• Calculators may be used

* F 5 8 5 *

INSTRUCTIONS TO CANDIDATES
• Refer to the Stimulus Material in a separate booklet. You must not bring your original copy
into the examination.
• Write your name, centre number and candidate number in the boxes above. Please write
clearly and in capital letters.
• Use black ink. Pencil may be used for graphs and diagrams only.
• Read each question carefully. Make sure you know what you have to do before starting your
answer.
• Write your answer to each question in the space provided. If additional space is required, you
should use the lined pages at the end of this booklet. The question number(s) must be clearly
shown.
• Answer all the questions.
• Do not write in the bar codes.

INFORMATION FOR CANDIDATES

• The number of marks is given in brackets [ ] at the end of each question or part question.
• The total number of marks for this paper is 60.
• This document consists of 16 pages. Any blank pages are indicated.
• You will be assessed on the quality of your written communication in question 3. All answers
should be in continuous prose.

A calculator may
be used for this
paper

© OCR 2011 [T/500/7921] OCR is an exempt Charity

DC (KN) 33334/1 Turn over
2
Answer all questions

1 (a) (i) Define what is meant by the ‘terms of trade’.

...........................................................................................................................................

...................................................................................................................................... [2]

(ii) With reference to Figs. 1.1 and 2.1, state and explain what is likely to have happened to
St Lucia’s terms of trade from 2004 onwards.

...........................................................................................................................................

...................................................................................................................................... [2]

© OCR 2011
3
(b) Using a diagram, analyse why the prices of primary commodities, such as bananas, are
volatile in the short term.

...................................................................................................................................................

.............................................................................................................................................. [6]

© OCR 2011 Turn over

4
(c) Comment on the case for granting preferential access to EU markets for bananas from African,
Caribbean and Pacific (ACP) states.

...................................................................................................................................................

............................................................................................................................................ [10]

© OCR 2011 Turn over

6
2. (a) Fig. 2.2 shows that the Dominican Republic has a lower rate of growth in its HDI than
Guatemala.
Explain two possible reasons for this difference in the HDI growth rates.

...................................................................................................................................................

.............................................................................................................................................. [4]

...................................................................................................................................................

.............................................................................................................................................. [6]

8
(c) Comment on the extent to which high levels of government debt, such as those experienced
by St Kitts and Jamaica, act as a constraint on economic development.

...................................................................................................................................................

............................................................................................................................................ [10]

10
3 Discuss the benefits of regional economic integration for a small economy such as St Lucia.

..........................................................................................................................................................

..........................................................................................................................................................
© OCR 2011
11

..........................................................................................................................................................

................................................................................................................................................... [20]

..........................................................................................................................................................

PLEASE DO NOT WRITE ON THIS PAGE

Copyright Information
OCR is committed to seeking permission to reproduce all third-party content that it uses in its assessment materials. OCR has attempted to identify and contact all copyright holders
whose work is used in this paper. To avoid the issue of disclosure of answer-related information to candidates, all copyright acknowledgements are reproduced in the OCR Copyright
Acknowledgements Booklet. This is produced for each series of examinations and is freely available to download from our public website (www.ocr.org.uk) after the live examination series.
If OCR has unwittingly failed to correctly acknowledge or clear any third-party content in this assessment material, OCR will be happy to correct its mistake at the earliest possible
opportunity.
For queries or further information please contact the Copyright Team, First Floor, 9 Hills Road, Cambridge CB2 1GE.
OCR is part of the Cambridge Assessment Group; Cambridge Assessment is the brand name of University of Cambridge Local Examinations Syndicate (UCLES), which is itself a
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Economics: Advanced Gce

Uploaded by

Economics: Advanced Gce

Uploaded by

ADVANCED GCE

Tuesday 1 February 2011

Candidates answer on the question paper.

OCR supplied materials:

INFORMATION FOR CANDIDATES

© OCR 2011 [T/500/7921] OCR is an exempt Charity

1 (a) (i) Define what is meant by the ‘terms of trade’.

© OCR 2011 Turn over

© OCR 2011 Turn over

© OCR 2011 Turn over

© OCR 2011 Turn over

© OCR 2011 Turn over

PLEASE DO NOT WRITE ON THIS PAGE

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