Exam (elaborations)
2023 Alevel Edexcel Advanced Economics A Paper 2 Questions
- Course
- Institution
2023 Alevel Edexcel Advanced Economics Paper 2 Questions USED FOR 2024 MOCKS BEST STUDY GUIDE A+ guranteed
[Show more]
Seller
Follow
EXPERTIPS
Reviews received
Content preview
Please check the examination details below before entering your candidate informationCandidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 22 May 2023
Afternoon (Time: 2 hours) Paper
reference 9EC0/02
Economics A ⬟ ⬟
Advanced
PAPER 2: The National and Global Economy
You do not need any other materials. Total Marks
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
• There
centre number and candidate number.
are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
• Calculators may be used.
– use this as a guide as to how much time to spend on each question.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P72981A
©2023 Pearson Education Ltd.
N:1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant. You may annotate and
include diagrams in your answers.
1 In September 2022 the Bank of England increased the base interest rate from
1.75% to 2.25%.
(Source: adapted from https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp)
(a) Draw an aggregate demand and aggregate supply diagram to illustrate the likely
impact of an increase in the UK base interest rate on the average price level and
real output.
(4)
DO NOT WRITE IN THIS AREA
(b) Which one of the following is the most likely impact of an increase in the base
DO NOT WRITE IN THIS AREA
interest rate?
(1)
A decrease in the:
A level of demand pull inflation
B marginal propensity to save
C rate of cyclical unemployment
D value of the pound against the dollar
(Total for Question 1 = 5 marks)
,DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
BLANK PAGE
QUESTION 2 BEGINS ON THE NEXT PAGE.
, 2 UK unemployment rate (%), December 2020 – June 2022
6
DO NOT WRITE IN THIS AREA
5.2 5.1
5.0 5.0 4.9 4.9 4.7
5
4.6 4.4
4.3 4.2
4.1 4.0 4.0
4 3.8 3.7 3.8 3.8 3.8
%
3
2
1
0
Dec 20
Feb 21
Jun 21
Sep 21
Dec 21
Feb 22
Jun 22
Jan 21
Mar 21
Apr 21
May 21
Oct 21
Nov 21
Jan 22
Mar 22
Apr 22
May 22
Aug 21
Jul 21
DO NOT WRITE IN THIS AREA
(Source: adapted from https://www.ons.gov.uk/employmentandlabourmarket/
peopleinwork/employmentandemployeetypes/bulletins/employmentintheuk/august2022)
(a) With reference to the chart, which one of the following is true?
(1)
The unemployment rate:
A fell by 1.4% between December 2020 and April 2022
B fell by one percentage point between February 2021 and
December 2021
C was highest in March 2022 and lowest in December 2020
D will continue to rise but at a slower rate
DO NOT WRITE IN THIS AREA
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXPERTIPS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83662 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now