Year 9 June 2016 Personal Economics

Question 1

1 (a) pt 1

Answer: 1 mark awarded for box 3: An alternative item that has to be given up 2 or 3 ticks – zero marks

1 (a) pt II

Answer: 1 mark awarded for box 2: Being unable to buy a new violin 2 or 3 ticks – zero marks

1 (b)

Possible answers include 

• it increases the debt she already has 

• believe prices will fall so will be cheaper in future 

• opportunity for her to buy the violin instead 

• running costs will be high (eg insurance, petrol). 

One mark for correct factor (AO1), plus one mark for development/description (AO2) Apply twice. 

NB: Do not allow running costs (eg insurance and petrol costs) for both reasons 

Do not credit falling prices for both reasons even if explanations are different