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Title: Edexcel a level economics a question paper 2 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 02 The National and Global Economy

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Edexcel a level
economics a question
paper 2 june 2024 +
mark scheme

Please check the examination details below before entering your candidate information
Candidate surname

Centre Number

Other names

Candidate Number

Pearson Edexcel Level 3 GCE

Monday 20 May 2024
Afternoon (Time: 2 hours)

Paper
reference

Economics A

9EC0/02
 

Advanced

PAPER 2: The National and Global Economy

You do not need any other materials
...


in the boxes at the top of this page with your name,
• Fill
centre number and candidate number
...
Answer all questions
• There
from Section A and Section B
...

the questions in the spaces provided
• Answer
– there may be more space than you need
...


marks for each question are shown in brackets
• The
– use this as a guide as to how much time to spend on each question
...


Advice

Read each question carefully before you start to answer it
...


Turn over

P74000A

©2024 Pearson Education Ltd
...
If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross
...

Use the data to support your answers where relevant
...

1 UK household savings as a percentage of household disposable income,
quarter 1 (Q1) 2015 to quarter 3 (Q3) 2021
25
%
20
15
10
5
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2015
2016
2017
2018
2019
2020
2021
(Source: https://www
...
gov
...
Write your answers in the spaces provided
...


Calculate the total amount of money saved by the average household in Q4
of 2015
...



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...
2
24
23
...
5

23
...
2

22
...
7

22
...
5

21
...
8

21
20
0

January April
2019 2019

July October January April
2019 2019
2020 2020

July October January April
2020 2020
2021 2021

July October
2021 2021

(Source: adapted from https://www
...
com/en/indicator/
european-union/investment--nominal-gdp)

(a) Which one of the following is the percentage point fall in investment between
April 2020 and July 2020?



(1)

A
0
...
6
C 2
...
9

4

*P74000A0436*

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25

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2 Investment in the European Union, percentage of GDP, January 2019 to October 2021

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(b) With reference to the data, explain one likely effect of the fall in investment
in 2020
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6

*P74000A0636*

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(Source: adapted from https://www
...
com/content/73163fa077c5-11e9-bbad-7c18c0ea0201)

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3 A group of banks, including Barclays and JP Morgan, have been fined more than
€1 billion by the EU’s competition authorities for rigging the foreign exchange market
after the Global Financial Crisis of 2008
...


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(b) Which one of the following is a role of financial markets?
To:

(1)

A
discourage saving
B
promote moral hazard
C
provide forward markets
D
restrict free trade
(Total for Question 3 = 5 marks)



*P74000A0736*

7

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4

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Trend GDP growth
C

Actual GDP growth

D

A

B
Time

(a) Which one point on the trade cycle diagram above illustrates a boom?



(1)

A
B
C
D

8

*P74000A0836*

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

*P74000A02536*

25

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(e) Discuss supply-side policies the UK government could introduce to stimulate
economic growth
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SECTION C

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Title: Edexcel a level economics a question paper 2 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE A Level In Economics A (9EC0) Paper 02 The National and Global Economy