\begin{tabular}[t]{l}
Knowledge 1, Application 3
Quantitative Skill assessed QS1: Calculate, use and understand ratios and fractions QS9: Interpret, apply and analyse information in written, graphical and tabular forms
Knowledge 1 mark for correct formula/implicit understanding, e.g.:
\begin{itemize}
\item[-] Population = GDP/GDP per capita (1)
\end{itemize}
NB: Accept GDP per capita formula (1)
Application Up to 3 marks for use of data in calculation from the following, e.g.:
\begin{itemize}
\item[-] 2019 → $89.42 billion / $2 810 = 31.82 million (1)
\item[-] 2020 → $62.31 billion / $1 896 = 32.86 million (1)
\item[-] Change → 32.86 million - 31.82 million = 1.04 million (1)
\end{itemize}
NB: if correct answer (1.04 million/1 million / 1041 860) is given, award full marks regardless of working.
NB: award 3 marks if minus sign is included in the final answer
\end{tabular}
(4)
\begin{tabular}[t]{|l|l|l|}
\hline Question
With reference to this information, explain one likely impact of the
increase in quantitative easing on aggregate demand.
Mark