Unit 3 Economics AOS2 Answering SAC Style Questions

Some prac. SAC style questions, or just SAC style questions in general, look at the mark allocations for them and basically how you go about planning out and writing a full mark answer for them. The purpose of it just being to try and make your life a little bit easier and less stressful because a lot of people are losing marks for the technical things and not just their overall knowledge in general. So we're going to look at four of them here, just go through them, talk about the mark allocation first, talk about how I'd plan them out and then write up a sample answer for them that should hopefully get the full marks. The first one we're going to look at here is to find the government's goal of low inflation. And just one little hint for any SACs or future exams. Whenever the words government's goal comes up, when you're looking at it in any question where it says the government's goal, you've got to define the whole goal. If the question just says low inflation or if it just says employment, you don't have to define the goal, you can just talk about inflation or employment as it is. But whenever it says define or whenever it says the government's goal, you have to define the whole goal. With this one being a two mark definition. The two marks come from firstly the worded definition of the goal and then the second part is the percentage measurement. So with inflation it's not too bad because that's kind of built into the definition that we use. But with some of the other ones, like I noticed on some of the practice things, just including that 4.5 to 5% for full employment, those kind of things. So to do it for low inflation, the government's goal.