Please check the examination details below before entering your candidate
information
Candidate surname Other names
Centre Candidate
Number Number
Pearson Edexcel Level 3
GCE
Monday 22 May 2023
Afternoon (Time: 2
hours)
referenc 9EC0/02
Economics
e
Advanced
A
PAPER 2: The National and Global
Economy
You do not need any other Total
materials. Marks
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your
centre number and candidate number.
• There
name,
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
– use this as a guide as to how much time to spend on each question.
• Calculators
brackets
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
1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
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)
AREA
DO NOT WRITE IN THIS
(b) Which one of the following is the most likely impact of an increase in the
base 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
2
, THIS
(Total for Question 1 = 5 marks)
3
Turn
, DO NOT WRITE IN THIS
AREA
DO NOT WRITE IN THIS
BLANK PAGE
QUESTION 2 BEGINS ON THE NEXT PAGE.
AREA
DO NOT WRITE IN THIS
AREA
4
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