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Practice modeIB ECONOMICS · PAPER 1 STYLE · TOPIC 3.1

Measuring Economic Activity and Its Variations

50 complete question pairs. Each has part (a), worth 10 marks, and part (b), worth 15 marks.

0 with drafts1 hour 15 minutes suggested per pairOriginal practice material · Not an official IB examination
QUESTION 1 OF 50

Answer both parts

SL/HLEasy25 marks

Part (a)

10 marks

Using a circular-flow diagram, explain the exchange of factors and goods between households and firms.

Part (b)

15 marks

Using real-world examples, discuss whether a simple two-sector circular flow can describe economic activity accurately.

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Parts (a) + (b) · 25 marks

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