0455/22 ECONOMICS - Question Paper June 2020
3 UCLES 2020 0455/22/M/J/20 [Turn over Answer all parts to Question 1. Refer to the source material in your answers. 1 (a) Calculate Pakistan’s trade in goods balance in 2017.[1] (b) Identify two possible causes of demand-pull inflation in Pakistan in 2017. [2] (c) Explain the opportunity cost to Pakistan of producing consumer goods.[2] (d) Explain two reasons why education is a merit good. ................
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