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Economics · 2013 · May · Paper 2 · HL · Question paper

EconomicsQuestion paper2013HLMay

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This question paper is listed under Economics in the 2013 examination archive. Its catalogue level is HL. The catalogue session is May. The information below helps you identify the document before opening the complete PDF. Subject, year and session labels come from the archive catalogue; the original cover remains the reference if a label differs. A file is not automatically suitable for your current syllabus simply because its subject name matches.

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M13/3/ECONO/HP2/ENG/TZ0/XX ECONOMICS HIgHEr lE vEl PAPEr 2 Friday 3 May 2013 (morning) INSTRUCTIONS TO CaNdIda TES  d o not open this examination paper until instructed to do so.  You are not permitted access to any calculator for this paper.  Section a: answer one question.  Section B: answer one question.  Use fully labelled diagrams and references to the text/data where appropriate.  The maximum mark for this examination paper is [40 marks]. 1 hour 30 minutes 2213-5104 9 pages © International Baccalaureate Organization 2013 2213510 4 M13/3/ECONO/HP2/ENG/TZ0/XX 2213-5104 – 2 – SECTION A Answer one question from this section. 1. Study the extract below and answer the questions that follow. Rising peso hits Filipinos abroad  The Philippine peso has risen sharply against the United States (US) dollar recently, which is bad news for Filipinos working overseas who regularly send home a portion of their earnings (known as remittances) to support their families. For those working in the US and in countries which peg their currencies to the US dollar, the effect on their remittances is becoming more severe. One example is Hong Kong, where around 140 000 Filipinos work.  Apart from a weaker US dollar, the Philippine peso has also been boosted by increased remittances – which hit a record US$17 billion last year – and an increase in foreign investment in the Philippine stock market. Its main index has risen 40 % this year, supported by global capital flows into Asia’s emerging markets and optimism over the new government in the country. The Philippine president has voiced concern over the impact of the Philippine peso’s sharp appreciation on overseas workers and the country’s export sector.  Recently, the US dollar fell below 43 Philippine pesos, while 41 Philippine pesos is predicted by the end of 2010. A business leader said: “There is now a lot of worry over the rising peso among overseas Filipino workers. The Philippine peso may soon rise to a point at which it is no longer worthwhile for Filipinos in low-wage jobs to continue working abroad”.  In previous times of currency instability, Filipinos tended not to reduce their remittances to
File information
Subject
Economics
Document type
Question paper
Year
2013
Session
May
Level
HL
Paper
2
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
632 KB
Pages
9
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