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IGCSE Economics 0455 · Government and the macroeconomy · 2

0455.4.2.1 — the macroeconomic aims of government Economic growth, full employment/low unemployment, stable prices/low inflation, balance of payments sta: past paper questions

9 real questionsasked in 3 of the last 10 exam series2020–2026usually: Discuss, Explain, Choose, Which, Analyse

Real questions on 0455.4.2.1 — the macroeconomic aims of government economic growth, full employment/low unemployment, stable prices/low inflation, balance of payments sta

The newest 9 of 9 written questions. Open one to see it on the real paper.

  1. 0455/23 · May/June 2026 · Q1c[2]

    Explain one government macroeconomic aim that has been achieved in the Isle of Man.

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  2. 0455/11 · October/November 2024 · Q17[1]

    Which government aim was it directly trying to achieve?

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  3. 0455/21 · October/November 2024 · Q3d[8]

    Discuss whether or not improving education can help a government achieve its macroeconomic aims.

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  4. 0455/11 · May/June 2024 · Q19[1]

    Which other government objective is most likely to be helped in the short run?

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  5. 0455/22 · February/March 2023 · Q3d[8]

    Discuss whether or not a government subsidy on the export of sugar will help it achieve its macroeconomic aims.

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  6. 0455/11 · May/June 2022 · Q1[1]

    Which policy measure would not satisfy one of the government’s macroeconomic aims?

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  7. 0455/23 · May/June 2022 · Q1e[4]

    Analyse how the development of eSports in Malta can help the government achieve its macroeconomic aims.

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  8. 0455/12 · October/November 2021 · Q6[1]

    What is a macroeconomic aim of a government?

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  9. 0455/23 · October/November 2020 · Q1b[2]

    Identify two macroeconomic aims of the Philippine government.

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What examiners said

The strongest answers here explained how a subsidy on the export of sugar could affect the value of exports sold and how such an increase could affect a government’s macroeconomic aims. Some candidates did not link a change in the output and price of sugar to the possible effects this might have on the government’s macroeconomic aims. There were, however, some good comments about how effective a s...

— Examiner report, February/March 2023, 0455/22 Q3(d) (Cambridge)

Good responses to this question were ones where a clear structure for an answer was provided by the candidate. This involved identifying the ‘macroeconomic aims’ outlined in the question and then analysing in turn how the development of eSports could achieve those aims. Having, for example, identified economic growth and full employment as aims, it was then straightforward to refer to the 1 per ce...

— Examiner report, May/June 2022, 0455/23 Q1(e) (Cambridge)

This was generally well answered with candidates identifying economic growth and full employment. A few candidates misunderstood the source material and selected instead the concerns that the government had about reduced growth and reduced unemployment. A few wrongly identified a macroeconomic aim such as low inflation which was not mentioned in the source material.

— Examiner report, October/November 2020, 0455/23 Q1(b) (Cambridge)

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0455.4.2.1 — the macroeconomic aims of government Economic growth, full employment/low unemployment, stable prices/low inflation, balance of payments sta — IGCSE Economics 0455 past paper questions | AssessPro