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Cambridge A Level Economics 9708 October November 2024 Paper 4, Variant 2 – Sample Answers and Examiner Commentary – Question 5

Question:

5 Between 2010 and 2020, very low interest rates encouraged low-income countries to borrow

money from foreign investors and governments to finance long-term economic growth.

Evaluate this approach to promoting long-term economic growth. [20]

Sample Answer:

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