1 mark
Q1(a) Multiple choice on what the International Labour Organisation measures.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2R, Jan 2023 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Unemployment (2), Supply-side policy (2), Economic growth (2), Exchange rates (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 International Labour Organisation measures.
Q1(b) Multiple choice picking the UK progressive tax.
Q1(c) Give the meaning of deregulation.
Q1(d) Set out one harm that comes with economic growth.
Q1(e) Convert a GBP15 000 car into euros at GBP1 = EUR1.10.
Q1(f) Diagram question: show what cutting a tariff does to US lobster imports into the EU.
Q1(g) Give the effect of wages outpacing inflation - Mexico case.
Q1(h) Data response: what education and training do to a country's productive potential.
Q2(a) Multiple choice naming the unemployment caused by a mine closing for good.
Q2(b) Multiple choice working annual interest on GBP7 000 at 3%.
Q2(c) Name one benefit of free trade.
Q2(d) Give the meaning of pollution permits.
Q2(e) Give one way an airport harms the environment.
Q2(f) Diagram question: show what a new crude oil quota does to equilibrium price and quantity.
Q2(g) Data response: are fines an effective environmental safeguard? UK case.
Q3(a) Multiple choice picking the example of foreign direct investment.
Q3(b) Multiple choice on what a move from GBP1=$1.40 to $1.30 means.
Q3(c) Give one reason better domestic goods would improve Pakistan's current account.
Q3(d) Data response: what healthcare investment does - China case.
Q3(e) Data response: the costs to the UK of hosting multinationals.
Q4(a) Work out to 2 d.p. the percentage change in Egypt's GDP per head between 2019 and 2020.
Q4(b) Data response: what a persistent current account deficit does to Egypt.
Q4(c) Data response: fiscal policy against Egyptian inflation.
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