1 mark
Q1(a) Multiple choice naming unrestricted international trade.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2, Jan 2020 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Balance of payments (2), Unemployment (2), Taxation (2), Regulation (2).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
Question paper → Mark scheme → Examiner report → Open in the searchable bank →
Q1(a) Multiple choice naming unrestricted international trade.
Q1(b) Multiple choice naming trade in services.
Q1(c) Give the meaning of unemployment.
Q1(d) Give the meaning of a trade-off.
Q1(e) Work out the unemployment rate to 2 d.p. from a labour force of 72m with 8m unemployed.
Q1(f) Diagram question: show what a tariff does to a good's equilibrium price and quantity.
Q1(g) Give one reason the quality of domestic goods widened Mexico's current account deficit.
Q1(h) Data response: why India subsidised its sugar cane farmers.
Q2(a) Multiple choice naming the type of tax system shown.
Q2(b) Multiple choice on what a government would cut to raise living standards.
Q2(c) Name one government measure that protects the environment.
Q2(d) Give the meaning of relative poverty.
Q2(e) Give one benefit to a local government of issuing parking fines.
Q2(f) Give one reason a large slice of Greece's GDP goes unrecorded.
Q2(g) Data response: how New Zealand might ease its shortage of seasonal workers.
Q3(a) Multiple choice completing when a fiscal surplus arises.
Q3(b) Multiple choice naming a rise in a floating exchange rate.
Q3(c) Why do governments target inflation that is low and steady? One reason.
Q3(d) Data response: what higher interest rates do to South Africa's currency.
Q3(e) Data response: whether lower business taxes actually stimulate investment.
Q4(a) Calculate the movement in Kenya's rate of interest from January 2018 to October 2018, as a percentage.
Q4(b) Data response: how monetary policy could push Kenyan inflation lower.
Q4(c) Data response: weigh up what globalisation brings Kenya's flower industry.
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