Evaluate factors that influence a country’s international competitiveness

Edexcel International A-Level Economics Unit 4 June 2022

In 2020 New Zealand’s productivity rate was 40% lower than the average productivity of many other advanced economies. Evaluate factors that influence a country’s international competitiveness. Refer to a developed country of your choice in your answer. (June 2022)

Plan

• Paragraph 1
  • Argument: one factor that could influence competitiveness is the exchange rate
  • Diagram: exchange rates diagram
  • Evaluation: in a floating exchange rate, exchange rates fluctuate a lot
• Paragraph 2
  • Argument: another factor that could influence competitiveness is productivity
  • Diagram: LRAS shifting right
  • Evaluation: time lags and opportunity cost of supply-side policies

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