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s er UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education
Advanced Subsidiary Level and Advanced Level
9708/22
ECONOMICS
Paper 2 Data Response and Essay (Core)
May/June 2010
1 hour 30 minutes
Additional Materials:
Answer Booklet/Paper
*5896995201*
READ THESE INSTRUCTIONS FIRST
If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet.
Write your Centre number, candidate number and name on all the work you hand in.
Write in dark blue or black pen.
You may use a soft pencil for any diagrams, graphs or rough working.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Section A
Answer this question.
Brief answers only are required.
Section B
Answer any one question.
You may answer with reference to your own economy or other economies that you have studied where relevant to the question.
At the end of the examination, fasten all your work securely together.
The number of marks is given in brackets [ ] at the end of each question or part question.
This document consists of 3 printed pages and 1 blank page.
DC (SM/SW) 19276/2
© UCLES 2010
[Turn over
2
Section A
Answer this question.
1
Inflation in Paraguay
Paraguay is a small South American country with few of the advantages that bigger, better known economies such as Venezuela and Brazil enjoy.
In January 2008 Paraguay updated its Consumer Price Index (CPI) with new weights based on the latest household budget survey. Table 1 shows the changes in the weights.
Table 1 Weights in the Paraguayan CPI, 1992 and 2008
1992
2008
35.1
32.1
Clothing
8.6
4.9
Alcohol and tobacco
2.1
1.2
Furniture
8.0
7.7
Transport
7.4
14.8
Communication
0.7
3.4
10.4
8.9
Health
4.8
4.1
Entertainment
5.1
6.1
Education
2.7
4.0
Restaurants and hotels
4.8
5.5
10.3
7.3
Food
Housing
Miscellaneous goods and services
Paraguay’s performance and that of Venezuela in controlling
w ap eP
m
e tr .X
w om .c
s er UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education
Advanced Subsidiary Level and Advanced Level
9708/22
ECONOMICS
Paper 2 Data Response and Essay (Core)
May/June 2010
1 hour 30 minutes
Additional Materials:
Answer Booklet/Paper
*5896995201*
READ THESE INSTRUCTIONS FIRST
If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet.
Write your Centre number, candidate number and name on all the work you hand in.
Write in dark blue or black pen.
You may use a soft pencil for any diagrams, graphs or rough working.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Section A
Answer this question.
Brief answers only are required.
Section B
Answer any one question.
You may answer with reference to your own economy or other economies that you have studied where relevant to the question.
At the end of the examination, fasten all your work securely together.
The number of marks is given in brackets [ ] at the end of each question or part question.
This document consists of 3 printed pages and 1 blank page.
DC (SM/SW) 19276/2
© UCLES 2010
[Turn over
2
Section A
Answer this question.
1
Inflation in Paraguay
Paraguay is a small South American country with few of the advantages that bigger, better known economies such as Venezuela and Brazil enjoy.
In January 2008 Paraguay updated its Consumer Price Index (CPI) with new weights based on the latest household budget survey. Table 1 shows the changes in the weights.
Table 1 Weights in the Paraguayan CPI, 1992 and 2008
1992
2008
35.1
32.1
Clothing
8.6
4.9
Alcohol and tobacco
2.1
1.2
Furniture
8.0
7.7
Transport
7.4
14.8
Communication
0.7
3.4
10.4
8.9
Health
4.8
4.1
Entertainment
5.1
6.1
Education
2.7
4.0
Restaurants and hotels
4.8
5.5
10.3
7.3
Food
Housing
Miscellaneous goods and services
Paraguay’s performance and that of Venezuela in controlling