Exam (elaborations)
Edexcel A-Level Economics (A) 2024 Paper 2
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Edexcel A-Level Economics (A) 2024 Paper 2
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Please check the examination details below before entering your candidate informationCandidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 20 May 2024
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,
centre number and candidate number.
• There 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
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P74000A
©2024 Pearson Education Ltd.
F:1/1/1/1/1/1/1/1
*P74000A0136*
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
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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 UK household savings as a percentage of household disposable income,
quarter 1 (Q1) 2015 to quarter 3 (Q3) 2021
25
%
20
15
10
5
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2015 2016 2017 2018 2019 2020 2021
(Source: https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/dgd8/ukea)
(a) With reference to the chart above, which one of the following is correct?
(1)
UK household savings as a percentage of household disposable income:
A fell in 2015
B fell throughout the time period shown
C were the highest in Q1 2017
D were the highest in Q2 2020
2
*P74000A0236*
, (b) In Q4 of 2015 average household disposable income was £26 300.
Calculate the total amount of money saved by the average household in Q4
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of 2015.
(2)
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ ................ . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ ................ . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ ................ . . . . . . . . . . . . . . . . . . . .
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(c) Explain one likely reason for the change in total household savings from Q1 2020
to Q2 2020.
(2)
. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ ................ . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ ................ . . . . . . . . . . . . . . . . . . . .
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. . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ ................ . . . . . . . . . . . . . . . . . . . .
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(Total for Question 1 = 5 marks)
3
*P74000A0336* Turn over
, 2 Investment in the European Union, percentage of GDP, January 2019 to October 2021
25
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% 24.2
24
23.4 23.5
23.3
23 22.7 22.8
22.2 22.4 22.5
22
22
21.4
20.8
21
20
0
January April July October January April July October January April July October
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021
(Source: adapted from https://www.ceicdata.com/en/indicator/
european-union/investment--nominal-gdp)
(a) Which one of the following is the percentage point fall in investment between
April 2020 and July 2020?
(1)
A 0.1
B 0.6
C 2.1
D 8.9
4
*P74000A0436*
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