1 mark
Q1(a) Multiple choice on why a government targets poverty and inequality.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2, Nov 2024 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Inflation (3), Poverty (2), Economic growth (2), Globalisation (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.
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Q1(a) Multiple choice on why a government targets poverty and inequality.
Q1(b) Multiple choice on what makes GDP a useful growth measure.
Q1(c) Give the meaning of deflation.
Q1(d) Set out how cheaper communication has driven globalisation.
Q1(e) Work out the invisible trade balance in $bn from the figures given.
Q1(f) Diagram question: India scraps a tariff - show the effect on tomato price and quantity.
Q1(g) Give one reason governments reach for fines.
Q1(h) Data response: severe cost-push inflation and Turkish business confidence.
Q2(a) Multiple choice naming a rise in a floating exchange rate.
Q2(b) Multiple choice on why countries protect trade.
Q2(c) Name one way globalisation affects consumers.
Q2(d) Give the meaning of asset purchasing.
Q2(e) Give one reason growth and environmental protection pull against each other in an economy such as China.
Q2(f) Diagram question: show what falling US imports do to the sterling-dollar equilibrium exchange rate.
Q2(g) Data response: what the arrival of AI does to structural unemployment.
Q3(a) Multiple choice on the upside of subsidising domestic producers.
Q3(b) Multiple choice: from the CPI movement, work out what the basket now costs.
Q3(c) Give the likely effect on productivity of a change in business taxes - Italy case.
Q3(d) Data response: regulation as an environmental safeguard, US case (Clean Air Act).
Q3(e) Data response: how dependable income tax is as government revenue - Australia case.
Q4(a) Work out to 2 d.p. the percentage change in India's GDP between 2021 and 2022.
Q4(b) Data response: how state benefits cut poverty - India case.
Q4(c) Data response: weigh up what India gains from joining the RCEP trading bloc.
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