1 mark
Q1(a) Multiple choice on the downside of multinationals operating in a country.
Edexcel · 4EC1
All 23 questions from the Edexcel iGCSE Paper 2R, June 2024 Economics paper (4EC1), worth 80 marks in total. The main topics tested are Unemployment (3), Monetary policy (2), International trade (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 the downside of multinationals operating in a country.
Q1(b) Multiple choice on what voluntary unemployment means.
Q1(c) Give the meaning of monetary policy.
Q1(d) Set out how a government gains from privatising.
Q1(e) Work out total indirect tax revenue in GBPbn for February 2023 from the receipts table.
Q1(f) Diagram question: Ghana withdraws its fuel subsidy - show the effect on petroleum price and quantity.
Q1(g) Give one benefit of deregulation - India case (context: telecoms).
Q1(h) Data response: what UK firms gain from CPTPP membership.
Q2(a) Multiple choice picking the formula for the unemployment rate.
Q2(b) Multiple choice on what the World Trade Organization does.
Q2(c) Name one thing that could produce a current account surplus.
Q2(d) Give the meaning of relative poverty.
Q2(e) Name one benefit when a central bank like the European Central Bank buys assets.
Q2(f) Diagram question: show what a UK interest rate rise does to the sterling-euro equilibrium exchange rate.
Q2(g) Data response: what the recovery phase does to unemployment - China case.
Q3(a) Multiple choice working the fiscal deficit or surplus from the figures given.
Q3(b) Multiple choice picking a menu cost faced by an online retailer during inflation.
Q3(c) Diagram question: fill in the three stages of the economic cycle missing from the diagram.
Q3(d) Data response: how globalisation benefits clothing manufacturers.
Q3(e) Data response: what Brazil stands to gain from putting a tariff on tyres.
Q4(a) Convert a Costa Rican national park entry fee into pounds to 2 d.p.
Q4(b) Data response: how trade patterns differ between developed and developing countries.
Q4(c) Data response: state-run national parks as environmental protection - Costa Rica.
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