Sustainable Growth
H2 TYS 2023
1 (b) Discuss whether it is possible to increase the total production of goods and services in an economy without resulting in environmental damage or other unintended consequences. [15]
Production Possibility Curve
TYS 2023 Q1
The amount of goods and services that can be produced in an economy is insufficient to satisfy the wants of its population. This leads to the economic consequences of scarcity and choice.
a) Explain how a production possibility curve can be used to show the concepts of underutilisation of economic resources and opportunity cost. [10]
Types of Inflation
VJC 2024 prelims Q5
In early 2022, Sri Lankans started experiencing power cuts and shortages of basics such as fuel. The rate of inflation rose to 50 per cent while unemployment rate remains high. Currently, Sri Lanka owes about $7 billion to China and around $1 billion to India.
a) Explain two possible causes of inflation.
Circular Flow Of Income
a) Using the circular flow of income model, explain how investments lead to a multiplied increase in national income.
