Practice Data Description Questions for AS Macroeconomics The second question in the new AQA Unit 2 macro paper is a data identification question worth eight marks. This short exercise is designed to give you a little practice in writing good answers in a limited time frame. Extract A: Index of Production for Manufacturing and Oil and Gas Industries Index Index of output, seasonally adjusted, 2003=100 110 110 105 105 100 100 95 95 90 90 85 85 80 80 75 75 70 70 65 65 03 04 Manufacturing 05 06 07 08 09 Oil and gas extraction Source: UK Statistics Commission Using Extract A, identify two features in the data for production in manufacturing and oil& gas industries over the period shown. (8 marks) Technique Tips Identify a feature of the data and then support with actual data in your answer. The examiner will award up to 2 marks for each valid point made (one mark for identification and one mark for supporting reference(s) to the data). For example you might choose one or two of the points mentioned below as a framework for your answer: Perhaps comment on the volatility (or stability) of the data Is there an underlying trend over the period of data shown? What is the range of the data (e.g. peaks and troughs?) What is the percentage range of the data (do a simple calculation?) What was the ‘best’ performance or the ‘worst’ over the time period shown? Look for points of comparison and/or points of contrast Now try these three examples: Extract 1 Consumer Price Inflation for Goods and Services Annual Percentage Change, source: ONS 6 6 Percent 5 5 Inflation in Services 4 4 3 3 2 2 1 1 0 0 -1 -1 -2 -2 Inflation in Goods -3 -3 02 03 04 05 06 07 08 Source: Reuters EcoWin Using Extract 1, identify two features in the data for consumer price inflation over the period shown. (8 marks) Extract 2: Dollar-Sterling Exchange Rate US Dollars per £1 US dollars per £1, daily closing exchange rate 2.15 2.15 2.10 2.10 2.05 2.05 2.00 2.00 1.95 1.95 1.90 1.90 1.85 1.85 1.80 1.80 1.75 1.75 1.70 Jan 1.70 Mar May Jul 06 Sep Nov Jan Mar May Jul 07 Sep Nov Jan Mar May 08 Source: Reuters EcoWin Using Extract 2, identify two features in the data for the value of UK sterling against the US dollar over the period shown. (8 marks) Extract 3 Capital Investment Spending as a share of GDP % Per cent of GDP for each country 35.0 35.0 30.0 30.0 25.0 25.0 20.0 20.0 15.0 15.0 Q1 Q3 03 Q1 Q3 04 Slovak Republic Q1 Q3 05 Q1 Q3 Q1 06 United Kingdom Q3 07 Q1 Q3 08 Ireland Source: EuroStat Using Extract 3, identify two features in the data for capital investment spending as a percentage of GDP over the period shown. (8 marks)