C2 H1 Econ Prelim 2012 Question Paper Final

HWA CHONG INSTITUTION JC2 Preliminary Examinations Higher 1 CANDIDATE NAME CT GROUP 11A/S CENTRE NUMBER INDEX NUMBER ECONOMICS Paper 1 Additional Materials: Answer Paper 8819/01 30 August 2012 3 hours INSTRUCTIONS TO CANDIDATES Write your name and CT class clearly in the spaces at the top of this page and on every page 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 and tape. Section A Answer all questions. Section B Answer one out of 2 questions. Begin your answer to each question on a fresh sheet of writing paper. At the end of the examination, fasten the answer scripts to Section A: Questions 1, 2 and Section B separately with the 3 cover pages provided. The number of marks is given in brackets [ ] at the end of each question or part question. You are reminded of the need for good English and clear presentation in your answers. This document consists of 8 printed pages. [Turn over

© Hwa Chong Institution 2012 8819/ 01 / JC2 Prelim 2012 2 Section A Answer all questions. Question 1 London Olympics 2012 Figure 1: Visitor arrivals (in millions) and total tourist spending (£ billion) to the UK, 2004 to 2011 (projected) P predicted Source: Office of National Statistics, 2010 Extract 1: A cautious boost in tourist numbers The trade body representing tour operators has warned that expectations of a boost in tourism from the London Olympics may not be met, after unveiling research that suggested previous games had a "toxic" effect on visitor numbers according to the European Tour Operators Association (ETOA). The Sydney games in 2000 anticipated 132,000 visitors and received 97,000 for the games period, while Athens hoped for 105,000 per night in 2004 and received fewer than 14,000. In 2008, Beijing anticipated more than 400,000 foreign guests and received 235,000 for the whole month of August. Lord Sebastian Coe, chairman of the London Organising Committee of the Olympic Games, has talked of 1 million "extra" visitors coming to the UK for the games, which may bring the total annual visitor figure to about 33 million. But the ETOA report claimed that the perception that the host city would be crowded with tourists and expensive was likely to tarnish the view of the country as a whole. It said its members were already dealing with the perception that the UK would be crowded and so best avoided in 2012. Most believe the (millions) (£ billion)

© Hwa Chong Institution 2012 8819/ 01 / JC2 Prelim 2012 3 transportation system is unable to cope with th