TJC_H1_ECON_P1

1 TEMASEK JUNIOR COLLEGE Preliminary Examination 2011 General Certificate of Education Advanced Level Higher 1 ECONOMICS Paper 1 8819/01 14th September 2011 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. At the end of the examination, fasten your work for each question in Section A separately. 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.   © TJC 2011     [Turn Over]

2 Section A Answer all questions in this section Question 1 Aviation and Tourism Table 1: Passengers travelling through Singapore Changi Airport from different regions (%) Year 2003 2004 2005 2006 2007 2008 2009 Asia 67.2 69.6 70.3 71.3 72.1 71.4 72.9 Oceania 15.4 14 13.7 13.2 12.8 13 12.4 Europe 13 11.5 11.0 10.6 10.1 11 10.3 Others 4.4 4.9 4.9 4.9 4.9 4.7 4.4 Source: The Straits Times, 25 Dec 2010 Table 2: Singapore Tourists Arrivals Year Jan to June 2009 Jan to June 2010 Total days visitors spent here 18.7 million 22.8 million Average hotel room rate $195 $230 Average hotel occupancy rate 72 % 87 % Source: Adapted from the Singapore Tourist Board Media Release Website, 31 July 2010 Extract 1: Three in four Changi Airport passengers are from the region Changi’s growing reliance on regional traffic did not happen just by chance, said Mr. Ng, an aviation analyst. It is a sign that the airport knows where the growth market is and has taken key steps ‘to go after the business’ by growing or wooing new airlines and encouraging those who already in the business to add capacity, he said. For the first time last year, the Asia-Pacific overtook North America as the business regional largest air travel market. Mr Ng said of the situation after the global financial meltdown: ‘post-crisis, we are also seeing faster recovery in this region than in other parts of the world, so the Asia-Pacific is going to continue