1 mark
Q1(a) Multiple choice on what the consumer price index measures.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2R, Jan 2020 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Exchange rates (5), Inflation (2), International trade (2), Unemployment (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 what the consumer price index measures.
Q1(b) Multiple choice naming the transfer of public assets to private hands.
Q1(c) Give the meaning of a boom.
Q1(d) Give the meaning of shoe leather costs.
Q1(e) Convert $150 000 of machinery into rupees at $1 = 70.66 INR.
Q1(f) Diagram question: show what falling UK exports to the eurozone do to sterling.
Q1(g) Give one reason a country might export below the cost of production.
Q1(h) Data response: what cutting direct tax does to living standards - Vietnam case.
Q2(a) Multiple choice picking the diagram showing an agricultural market after a subsidy is withdrawn.
Q2(b) Multiple choice on the likely result of more free trade.
Q2(c) Name a macroeconomic objective.
Q2(d) Give the meaning of revaluation.
Q2(e) Give one reason a fiscal deficit would stimulate growth in India.
Q2(f) Set out the typical trade pattern of a developed country such as Germany.
Q2(g) Data response: what multinationals bring to Bangladesh.
Q3(a) Multiple choice on which policy would most likely cut inflation.
Q3(b) Multiple choice naming a fall in a floating exchange rate.
Q3(c) Give one effect of the inflation change on Egypt's current account.
Q3(d) Data response: what speculators do to the supply of and demand for a currency.
Q3(e) Data response: does regulation safeguard the environment effectively? Australia case.
Q4(a) Work out the UK's average unemployment rate to 2 d.p. for December 2018.
Q4(b) Data response: why unemployment rates differ between UK regions.
Q4(c) Data response: whether education and training is the best route to lower unemployment.
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