Macroeconomic indicators workbook answers


AO1 Knowledge and understanding



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AO1 Knowledge and understanding of theories, concepts and terminology

AO2 Application of theories, concepts and terminology

AO3 Analysis of economic problems and issues

AO4 Evaluation of economic arguments and evidence, making informed judgements

Level 4
17–21 marks
(mid-point 19)

Good analysis but limited evaluation



or

Reasonable analysis and reasonable evaluation



Good throughout the answer with few errors and weaknesses

Good throughout much of the answer with few errors and weaknesses



Good application to issues
Where appropriate, good use of data to support answer

Some good application to issues


Where appropriate, some good use of data to support answer

Relevant and precise with a clear and logical chain of reasoning
There is good awareness of the interrelatedness of economic issues

Largely relevant and well organised with reasonable logic and coherence


There is some awareness of the interrelatedness of economic issues

Limited but showing some appreciation of alternative points of view

Reasonable, showing an appreciation of alternative points of view





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