2281_s26_qp_22 — 2026 May-June Economics 2281 Question Paper 2 Variant 2 · Cambridge CAIE O Level

Not developing answers beyond the initial point — stating a factor without explaining its consequence

“While they correctly identified a relevant factor, they did not develop their answer and therefore didn't gain additional marks.”— 2281 Paper 21, May/June 2023

How to fix: After every point you make, add a 'so' or 'this means that' sentence. For example: 'Storage of coal is difficult (point) → so supply cannot easily be increased in the short term → this makes PES inelastic (development).' Each point needs at least one development sentence to earn the second mark.

Confusing productivity with production

“Recognise that productivity does not have the same meaning as production. Most PE reports mention this but candidates continue to write productivity when they mean production.”— 2281 Paper 22, May/June 2023

How to fix: Production = total output (e.g. a factory makes 1000 units). Productivity = output per unit of input (e.g. each worker makes 50 units per hour). If the question asks about productivity, you must discuss efficiency and output-per-worker. If it asks about production, discuss total output levels. Never use these words interchangeably.

Confusing budget deficit with current account deficit

“Recognise the difference between a budget deficit and a current account deficit.”— 2281 Paper 22, May/June 2023

How to fix: Budget deficit = government spending exceeds tax revenue (a domestic fiscal issue). Current account deficit = imports of goods/services exceed exports (an international trade issue). Before writing, ask yourself: 'Am I discussing government finances or international trade?' Use the correct term for the context.