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PEARSON EDEXCEL GCE A-LEVEL ECONOMICS 6EC04/01 ADVANCED UNIT 4 THE GLOBBAL ECONOMY PAPER 1 JUNE 2024 EXAM (AUTHENTIC MARKING SCHEME ATTACHED) £7.16   Add to cart
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PEARSON EDEXCEL GCE A-LEVEL ECONOMICS 6EC04/01 ADVANCED UNIT 4 THE GLOBBAL ECONOMY PAPER 1 JUNE 2024 EXAM (AUTHENTIC MARKING SCHEME ATTACHED)
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PEARSON EDEXCEL GCE A-LEVEL ECONOMICS 6EC04/01 ADVANCED UNIT 4 THE GLOBBAL ECONOMY PAPER 1 JUNE 2024 EXAM (AUTHENTIC MARKING SCHEME ATTACHED)

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Edexcel GCE
Economics
Advanced
Unit 4: The Global Economy

Tuesday 10 June 2014 – Paper Reference

Afternoon Time: 2 hours 6EC04/01
You do not need any other materials. Total Marks




PEARSON EDEXCEL GCE A-LEVEL ECONOMICS 6EC04/01
ADVANCED UNIT 4 THE GLOBBAL ECONOMY PAPER 1
JUNE 2024 EXAM

(AUTHENTIC MARKING SCHEME ATTACHED)
Turn over

P43307A *P43307A0140*
©2014 Pearson Education Ltd.
1/1/1/1/1/1/1/1/1/1

, SECTION A

Answer ONE question from this section.

You should spend 60 minutes on this section.

*1 (a) The budget deficits of many countries including France, Greece, Ireland
and the UK fell between 2009 and 2013.
Assess the likely causes of such a decrease in the budget deficit of a
country of your choice.
(20)
(b) In 2012, France announced its intention to increase its top rate of income tax
from 46.7% to 75%.
Evaluate the likely economic effects of such an increase in the marginal
rate of income tax.
(30)

(Total for Question 1 = 50 marks)


*2 (a) In the early 1970s, the USA, Germany and Japan accounted for over one-
third of world trade but, by the 1990s, global trade had become more diversified.
By 2012, China was the world’s second largest trading country after the USA.
Assess the factors that may cause changes in a country’s pattern of
trade with other countries.
(20)
(b) In 2012, EU agricultural subsidies amounted to €76 billion ($94 billion)
and US agricultural subsidies were €138 billion ($172 billion).
Evaluate the economic effects of such agricultural subsidies on the
global economy.
(30)

(Total for Question 2 = 50 marks)


*3 (a) Assess the view that economic development is dependent on economic growth.
Refer to examples of developing countries in your answer.
(20)
(b) Discuss the view that savings gaps in developing countries are the
most significant constraint on economic growth.
(30)

(Total for Question 3 = 50 marks)




2
*P43307A0240*

, Indicate which question you are answering by marking a cross in the box . If you change
your mind, put a line through the box and then indicate your new question with a cross .
Chosen question number: Question 1 Question 2 Question 3

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