2013_TJC_H1_Econs_Prelim_Paper_1

TEMASEK JUNIOR COLLEGE Preliminary Examination 2013 General Certificate of Education Advanced Level Higher 1 ECONOMICS 8819/01 18 September 2013 3 hours Additional Materials: Answer Paper, Cover Sheet READ THESE INSTRUCTIONS FIRST Do not turn over until you are told to do so. Write your name and CG number on all the work you hand in. Write in dark blue or black 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. Section A Answer all questions. Section B Answer one question. Begin each question on a separate sheet of answer paper. Fasten your work for Section B and the Cover Sheet together. Hand in your answer to each question separately. The number of marks is given in brackets [ ] at the end of each question or part question. This document consists of 8 printed pages Temasek Junior College Economics [Turn Over © TJC 2013

2 © TJC 2013 [Turn Over Section A Answer all questions in this section. Question 1 Tourism Barometer of Singapore Table 1: Visitor Arrivals into Singapore by Country of Residence Country 2008 2009 2010 2011 TOTAL 10,116.1 9,682.7 11,641.7 13,171.3 ASEAN 3,571.4 3,684.8 4,821.8 5,414.3 Japan 571.0 490.0 529.0 656.4 Hong Kong 278.1 294.4 387.6 464.4 China 1,078.7 936.7 1,171.5 1,577.5 United Kingdom 492.9 469.8 461.8 442.6 Source: Yearbook of Statistics Singapore, 2012 Extract 1: Singapore Tourism 2015 – Vision, Targets and Initiatives By 2015, Singapore aims to be a destination of choi ce, a powerful tourism hub attracting visitors, business, and talents from across the world by 2015. The Singapore Tourism Board (STB) has identified three key areas of focus: (a) strengthening Singapore position as a Leading Convention & Exhibition City in Asia with a strong and dynamic business environment. (b) developing Singapore as a leading Asian leisur e destination by providing an enriching experience that is Uniquely Singapore. (c) establishing Singapore as the Services centre of As ia – a place where visitors come to enjoy high end quality services such as healthcare services. Table 2: STB’s targets for 2015 Indicator 2004 2015 Target Tourism Receipts S$10 billion $30 billion Visitors Arrivals 8 million 17 million Tourism Employment 150 000 250 000 Source: Adapted from https://app.stb.gov.sg

3 © TJC 2013 [Turn Over Extract 2: Should there be a lower F1 levy on hotel room rates? Economists agree that Singapore must promote tourism and other services to counter a decline in some manufacturing industries, particularly the mainstay electronics sector. Tourism is seen as favourable in employing large numbers of low-skilled workers who have lost industrial jobs. The inaugural Singapore F1 Grand Prix in 2008 was the only night race in the wor