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]

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.