How many real life examples do i need for application points?

The more real life application the merrier. Watching the news and keeping up to date with current global and domestic economic issues is a key for this exam. If you have more current and relevant examples, these will definitely strengthen the argument you are making. You can therefore put forth any argument as long as you have some strong application points to prove it, widening your range of potential answers. Even if you do not find interest in keeping up with current affairs, i would reccommend something i used to do, which was to have a news channel/podcast playing in the background whilst i got ready for school in the morning, that way you do not have to designate specific time to finding application points and can just listen in and pick up any information you think could be useful. Further i would suggest subscribing to short magazines, such as the Economist, which i found great use out of, or even just downloading their podcast app and listening to it on journeys. Over the months you will find that you have a mental storage of useful examples to strengthen your essays and should surely be on your way to a high mark!