Full paper JC 2004 HL

2004-Higher Level

(All of the candidates’ own spelling, punctuation etc. have been retained.)

Section B

QUESTION 3

National Budget, Factors of Production and Trade

(B) Study the following newspaper report and answer the questions that follow: Explain the effects of the closure on

(i) Government Current Income;

(ii) Government Current Expenditure;

(iii) Ireland’s Balance of Trade. (12 marks)

Candidate’s Answer:

(i) The Government Current Income will decrease, as there will be less PAYE income ta...

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