2023 ACJC H2 Prelims Paper 1 QP

©ACJC 2023 Preliminary Exam 9570/01 ANGLO-CHINESE JUNIOR COLLEGE 2023 JC2 PRELIMINARY EXAMINATIONS ECONOMICS 9570/01 Higher 2 Paper 1 22 August 2023 2 hours 30 minutes Additional materials: Writing papers and 2 cover sheets READ THESE INSTRUCTIONS FIRST Write your exam index number and name on all the answers you hand in. Write in dark blue or black ink pen on both sides of the paper. You may use a soft pencil for any diagrams, graphs or rough working. Do not use staples, paper clips, highlighters, glue or correction fluid / tape in your answers. Answer all questions. Begin Question 2 on a fresh sheet of writing paper. At the end of the examination, arrange your answers in order. Fasten your answers for Question 1 and Question 2 separately using the cover sheets provided. The number of marks is given in brackets [ ] at the end of each question or part question. This document consists of 8 printed pages (including this page). Please check that your question paper is complete.

2 ©ACJC 2023 Preliminary Exam 9570/01 Answer all questions. Question 1: Global Healthcare Issues Extract 1: Healthcare costs in Singapore expected to grow 9.8% in 2023 As global inflation continues and healthcare use increases, healthcare expenditure in the Lion City is expected to increase by 9.8% in 2023. Widespread inflation and increasing healthcare use are combining to drive projected increases in global healthcare cost to their highest level in nearly 15 years. Healthcare use and costs around the region will increase as nations continue to reopen their borders and loosen health restrictions. As one of the first few Asian countr ies to reopen, Singapore’s medical tourism hub also recovered with a large influx of overs eas patients seeking delayed elective treatment. The fast-ageing workforce coupled with heavier chronic disease burden remained key contributors to the rise in healthcare costs. Other contributing factors include overuse of care by insured members, as well as overtreatment or overprescribing by medical practitioners. Source: Singapore Business Review, December 2022 Extract 2: Singapore to spend more than $1 billion to get Healthier SG preventive care strategy up and running Healthier SG seeks to shift the gravity of care from the hospitals to the community. The aim is to get residents to build a long-term relationship with one family doctor, who will help them to take charge of their own health and wellness. To get the new preventive care strategy Healthier SG off the ground and running, Singapore will spend more than $1 billion over the next three to four years in set-up costs, such as new IT systems and support to get general practitioner (GP) clinics ready for the scheme. It will also spend an estimated $400 million a year on recurrent costs , such as annual health screenings for residents and the annual service