1 mark
Q1(a) Multiple choice on what the World Trade Organization does.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2, Jan 2023 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Taxation (3), International trade (2), Unemployment (2), Balance of payments (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 on what the World Trade Organization does.
Q1(b) Multiple choice picking a supply-side policy aimed at raising output.
Q1(c) Give the meaning of economies of scale.
Q1(d) Set out how consumers gain from free trade.
Q1(e) Work out net pay after income tax from the figures given.
Q1(f) Diagram question: show what a tariff does to the price and quantity of Australian barley.
Q1(g) Why do French tourism workers face seasonal unemployment? One reason.
Q1(h) Data response: what a current account surplus does - Australia case.
Q2(a) Multiple choice on how tourist earnings appear in the current account.
Q2(b) Multiple choice on which measure would help protect the environment.
Q2(c) Name one downside of economic growth.
Q2(d) Give the meaning of privatisation.
Q2(e) Give one reason the Scottish Government targets poverty and inequality.
Q2(f) Diagram question: fill in the three stages of the economic cycle missing from the diagram.
Q2(g) Data response: what a weaker dollar does to demand for US exports to Australia.
Q3(a) Multiple choice working the inflation rate from a CPI move of 120 to 150.
Q3(b) Multiple choice on an effect of globalisation.
Q3(c) Give one effect of rising unemployment on UK tax revenue.
Q3(d) Data response: environmental damage from business activity, Chile case.
Q3(e) Data response: whether tax cuts are a good route to lower unemployment - Spain case.
Q4(a) Work out Mexico's unemployment rate to 2 d.p. for Q3 2020.
Q4(b) Data response: how rising wages feed inflation in Mexico.
Q4(c) Data response: can monetary policy lift Mexican output?
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