1 mark
Q1 State a valid conclusion from the 2020 chart of national debt to GDP ratios in France, Spain and the UK.
Edexcel · 9EC0 / 8EC0 / WEC11–14
All 14 questions from the Edexcel International A Level Unit 4, Jan 2022 Economics paper (9EC0 / 8EC0 / WEC11–14), worth 100 marks in total. The main topics tested are Macroeconomic policies (2), Trading blocs (2), Public sector borrowing & debt (1), Promoting growth & development (1).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
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Q1 State a valid conclusion from the 2020 chart of national debt to GDP ratios in France, Spain and the UK.
Q2 South Korean manufacturing rose from 17% to 25% of GDP between 1969 and 2019. Identify the theory suggesting industrialisation promotes growth and development. (Prebisch-Singer / Marshall-Lerner / Harrod-Domar / Lewis dual-sector)
Q3 Denmark's competitiveness rank rose six places in 2020. Identify the most likely reason. (higher relative unit labour costs / higher relative transport costs / higher relative labour productivity / higher relative inflation)
Q4 Choose the likeliest consequence, for the Gini coefficient and Lorenz curve, of Spain lifting its highest income tax band to 47% from 45% in December 2020.
Q5 Two countries' maximum production possibilities for shoes and bags are tabulated; assess what this establishes about the gains from trade, comparative advantage and absolute advantage.
Q6 Australian export prices fell 9.9% and import prices 5.7% in the year to September 2020; calculate the terms of trade with September 2019 = 100.
Q7(a) Using Figures 1 and 2, compute the real interest rate for Turkey in July 2020 and show your working.
Q7(b) Set out an analysis of two non-interest-rate reasons the Turkish lira weakened, using Figure 3 and Extract A.
Q7(c) Set out what a customs union is, as referred to in Extract A.
Q7(d) Examine two economic gains Turkey could expect from European Union membership, using Extract A's closing paragraph.
Q7(e) Discuss, using the data supplied, what another rise in the base interest rate would do economically.
Q10 Assess the economic barriers holding back growth and development in poorer nations, with 2020 HDI figures of 0.60 (Pakistan) and 0.85 (Argentina).
Q8 Assess, with country examples, why globalisation has deepened over five decades, as container shipping grew from 100 million tonnes to 2 billion, 1980-2020.
Q9 Assess why advanced economies sometimes limit free trade, given the EU's 25% retaliatory tariffs on US goods in 2020 over aircraft subsidies.
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