1 mark
Q1(a) Multiple choice on what characterises a progressive tax.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2, Nov 2023 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Unemployment (3), Exchange rates (3), Taxation (2), Poverty (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 characterises a progressive tax.
Q1(b) Multiple choice describing a fiscal surplus.
Q1(c) Give the meaning of income inequality.
Q1(d) Set out one thing the World Trade Organization does.
Q1(e) Work out the unemployment rate to 2 d.p. from the figures given.
Q1(f) Diagram question: show what a tariff does to the price and quantity of large tyres (context: China).
Q1(g) Give one way free trade helps businesses in Ecuador.
Q1(h) Data response: high inflation and German consumer confidence.
Q2(a) Multiple choice on why a government would devalue its currency.
Q2(b) Multiple choice on the most likely driver of increased globalisation.
Q2(c) Name one macroeconomic objective a government might pursue.
Q2(d) Give the meaning of seasonal unemployment.
Q2(e) Give one reason rapid growth can hurt an economy such as Vietnam.
Q2(f) Diagram question: show what rising UK exports to the US do to the equilibrium exchange rate of sterling.
Q2(g) Data response: what higher business taxes cost UK investment.
Q3(a) Multiple choice converting $50 into pounds at $1 = GBP0.75.
Q3(b) Multiple choice on why a government provides public parks.
Q3(c) Give one reason dearer imports could improve South Korea's current account.
Q3(d) Data response: how monetary policy brings US inflation down.
Q3(e) Data response: what low unemployment does for tax revenues - Australia case.
Q4(a) Work out to 2 d.p. the share of Kazakhstan's population in relative poverty in 2022.
Q4(b) Data response: the drawbacks of Kazakhstan privatising its national railway.
Q4(c) Data response: weigh up what rising foreign direct investment brings - Kazakhstan case.
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