MARK SCHEME AS ECONOMICS JUNE 2025

AS

ECONOMICS

7135/2

Paper 2 The National Economy in a Global Context

Mark scheme

June 2025

Version: 1.0 Final

256A7135/ 2/MS 1 / 3

MARK SCHEME – AS ECONOMICS – 7135/2 – JUNE 2025

2 Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant questions, by a panel of subject teachers. This mark scheme includes any amendments made at the standardisation events which all associates participate in and is the scheme which was used by them in this examination. The standardisation process ensures that the mark scheme covers the students’ responses to questions and that every associate understands and applies it in the same correct way.As preparation for standardisation each associate analyses a number of students’ scripts. Alternative answers not already covered by the mark scheme are discussed and legislated for. If, after the standardisation process, associates encounter unusual answers which have not been raised they are required to refer these to the Lead Examiner.

It must be stressed that a mark scheme is a working document, in many cases further developed and expanded on the basis of students’ reactions to a particular paper. Assumptions about future mark schemes on the basis of one year’s document should be avoided; whilst the guiding principles of assessment remain constant, details will change, depending on the content of a particular examination paper.

No student should be disadvantaged on the basis of their gender identity and/or how they refer to the gender identity of others in their exam responses.

A consistent use of ‘they/them’ as a singular and pronouns beyond ‘she/her’ or ‘he/him’ will be credited in exam responses in line with existing mark scheme criteria.

Further copies of this mark scheme are available from aqa.org.uk

Copyright information

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MARK SCHEME – AS ECONOMICS – 7135/2 – JUNE 2025

3

SECTION A

The following list indicates the correct answers used in marking the students’ responses.

KEY LIST

1 C (Generating stable and sustained economic growth) 11 A (a fall in the exchange rate.) 2 B (national income.) 12 B (often rely on creating economic incentives.) 3 D (8%) 13 C (An increase in household energy bills) 4 A (A fall in spending on imports and a rise in productivity) 14 D (structural unemployment.) 5 D (Short-run growth may reduce spare capacity whereas long-run growth increases productive capacity) 15 A

6 A (business uncertainty.) 16 A (A recovery in the world economy) 7 D

(2.31) 17

C (An increase in the number of job vacancies) 8 C (A rise in the price of imported raw materials) 18 C (Country C) 9 D (There is evidence of a conflict between macroeconomic policy objectives) 19 D (investment is determined by past changes in national income.) 10 B (Exports, government spending, investment) 20 C (international competitiveness.)

Totals A 5 B 3 C 6 D 6

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