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Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 20 May 2024
Paper
Morning (Time: 1 hour 30 minutes)
reference 8EC0/02 🞍 🞍
Economics A
Advanced Subsidiary
PAPER 2: The UK Economy – Performance and Policies
You do not need any other materials. Total Marks
Pearson Edexcel Level 3 GCE Economics A Advanced Subsidiary PAPER 2: The UK Economy –
Performance and Policies QP MAY 2024
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.
•• Answer
are two sections in this question paper.
all questions in Section A.
In Section B, answer all of questions 6(a) to 6(e) and one questionfrom 6(f) or
• Answer
6(g).
the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 80.
The marks for each question are shown in brackets
• may be used.
– use this as a guide as to how much time to spend on each question.Calculators
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
, 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 25 minutes on this section.Use the
data to support your answers where relevant.
You may annotate and include diagrams in your answers.
1 In 2019 the average annual percentage increase in real Gross Domestic Product (GDP)was 1.7%
in developed countries and it was 4.6% in developing countries.
(Source: adapted from IMF, World Economic Outlook 2019)
(a) Which one of the following best describes an increase in real GDP?
(1)
A Actual economic growth
B Negative output gap
DO NOT WRITE IN THIS AREA
C Positive output gap
D Potential economic growth
DO NOT WRITE IN THIS AREA
2
🞍🞍🞍🞍
, (b) Explain one limitation of using GDP data to compare living standards between
developed and developing countries.
(3)
DO NOT WRITE IN THIS AREA
(Total for Question 1 = 4 marks)
DO NOT WRITE IN THIS AREA
3
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