100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Official summer 2024 OCR GCE Economics H460/03: Themes in economics A Level Merged Question Paper + Mark Scheme £6.28   Add to cart

Exam (elaborations)

Official summer 2024 OCR GCE Economics H460/03: Themes in economics A Level Merged Question Paper + Mark Scheme

 3 views  0 purchase
  • Module
  • Official summer 2024 OCR GCE A/AS LEVEL
  • Institution
  • Official Summer 2024 OCR GCE A/AS LEVEL

Official summer 2024 OCR GCE Economics H460/03: Themes in economics A Level Merged Question Paper + Mark Scheme

Preview 4 out of 89  pages

  • August 29, 2024
  • 89
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Official summer 2024 OCR GCE A/AS LEVEL
  • Official summer 2024 OCR GCE A/AS LEVEL
avatar-seller
Official summer 2024

OCR
GCE
Economics
H460/03: Themes in economics
A Level


Merged Question Paper + Mark Scheme




Ace your Mocks!!!

, Oxford Cambridge and RSA

Friday 7 June 2024 – Morning
A Level Economics
H460/03 Themes in economics
Time allowed: 2 hours

You can use:
* 9 9 0 4 2 6 3 4 0 6 *




• a scientific or graphical calculator




* H 4 6 0 0 3 *




Please write clearly in black ink. Do not write in the barcodes.

Centre number Candidate number


First name(s)

Last name


INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use
the lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.

INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 28 pages.

ADVICE
• Read each question carefully before you start your answer.




© OCR 2024 [601/4799/4] OCR is an exempt Charity
DC (PQ/CB) 328119/5 Turn over

, 2
Section A

Write your answer to each question in the box provided.

1 What is the reward to enterprise?

A Interest

B Profit

C Rent

D Wages


Your answer [1]



2 The marginal propensity to withdraw (mpw) in an economy is 0.6.
There is an injection of £150bn into the economy.

What is the final increase in GDP?

A £90 billion

B £100 billion

C £250 billion

D £375 billion


Your answer [1]



3 Which of these is a function of money?

A Divisibility

B Durability

C Limited supply

D Unit of account


Your answer [1]




© OCR 2024

, 3
4 Which of these describes the process of crowding out?

A An increase in government spending leads to a fall in private sector investment

B The process by which government spending and tax revenue vary with the economic cycle

C The transfer of an organisation from public sector ownership and control to private sector
ownership and control

D When monetary policy becomes ineffective as households prefer to save even though
interest rates are very low


Your answer [1]



5 As a result of a 12% reduction in the price of Good A, the quantity demanded of Good B
increased by 3%.

What is the relationship between the two goods?

A Strong complements

B Strong substitutes

C Weak complements

D Weak substitutes


Your answer [1]




© OCR 2024 Turn over

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Aideen. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £6.28. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77333 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling

Recently viewed by you


£6.28
  • (0)
  Add to cart