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Pearson Edexcel International Advanced Level In Economics (WEC12) Paper 01 Unit 2: Macroeconomic performance policy Mark Scheme (Results) Summer 2024$12.99
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Pearson Edexcel International Advanced Level In Economics (WEC12) Paper 01 Unit 2: Macroeconomic
performance policy Mark Scheme (Results) Summer 2024
Mark Scheme (Results)
Summer 2024
Pearson Edexcel International Advanced Level
In Economics (WEC12) Paper 01
Unit 2: Macroeconomic performance policy
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, Section A
Question Quantitative skills Answer Mark
assessed
1 QS9: Interpret, apply and The only correct answer is D
analyse information in
A is not correct as investment and the
written, graphical, tabular
profits of firms are likely to fall
and numerical forms
B is not correct as real income is likely to fall
and government expenditure is likely to rise
C is not correct as unemployment is likely to
rise and consumer confidence is likely to fall (1)
2 QS9: Interpret, apply and The only correct answer is B
analyse information in
A is not correct as this implies higher
written, graphical, tabular
consumption and therefore leads to an
and numerical forms
increase in the average price level
C is not correct as this would lead to higher
consumption and therefore an increase in
the average price level
D is not correct as this would lead to higher
consumption/investment and therefore an
increase in the average price level (1)
3 QS1: Calculate, use and The only correct answer is C
understand ratios and
A is not correct as this is calculated using
fractions
an incorrect formula: .5
QS9: Interpret, apply and
analyse information in B is not correct as this is calculated using
written, graphical, tabular an incorrect formula: 44 x 1.5
and numerical forms
D is not correct as this is calculated using
an incorrect formula: (44 x 1.5 x 1000) (1)
4 QS9: Interpret, apply and The only correct answer is B
analyse information in
A is not correct because this will lead to a
written, graphical, tabular
reduction in the deficit on the balance of
and numerical forms
trade for Honduras
C is not correct because this will lead to a
reduction in the deficit on the balance of
trade for Honduras
D is not correct because this will lead to a
reduction in the deficit on the balance of
trade for Honduras (1)
5 QS9: Interpret, apply and The only correct answer is C
analyse information in
A is not correct as incomes will fall and
written, graphical, tabular
reduce national happiness
and numerical forms
B is not correct as profits for firms will fall
as consumer spending decreases
D is not correct as welfare payments will
increase (1)
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