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Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global Economy QP MAY 2024 $12.99   Add to cart

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Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global Economy QP MAY 2024

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Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global Economy QP MAY 2024

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  • September 30, 2024
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  • Pearson Edexcel Level 3 GCE Economics A
  • Pearson Edexcel Level 3 GCE Economics A
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Number Number




Paper
■ ■


Advanced A
PAPER 2: The National and Global Economy




Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global
Economy 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.
are three sections in this question paper. Answer all questions from Section

• Answer
A and Section B. Answer one question from Section C.
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

• 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.




Turn over


P74000A
©2024 Pearson Education Ltd.
F:1/1/1/1/1/1/1/1

, 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 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




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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:
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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
■■■■

, (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 of 2015.
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(2)

. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



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. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................
DO NOT WRITE IN THIS AREA




. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. ... .. .. .. ... ......................


(c) Explain one likely reason for the change in total household savings from Q1 2020 to Q2
2020.
(2)

. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. ... .. .. .. ... ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... ......................
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. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................


(Total for Question 1 = 5 marks)




3
■■■■ 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
April July October January April July October January April July October




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January
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


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4
■■■■

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