: Pearson Edexcel past-paper questions pack

Macroeconomic objectives, conflicts and trade-offs

Past-paper questions pack

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Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 8 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · Paper 2 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

7 In January 2023 the UK prime minister, Rishi Sunak, promised to halve inflation by the end of the year. In July 2023 the Bank of England governor, Andrew Bailey, said: “It is crucial that we… return inflation to its 2% target and provide the environment of price stability in which the UK economy can thrive. This is the best contribution monetary policy can make to the prosperity of the United Kingdom.” (Source adapted from: https://www.theguardian.com/politics/2023/jan/04/ sunak‑vows‑to‑be‑steady‑hand‑on‑tiller‑but‑are‑his‑pledges‑all‑sleight‑of‑hand and https://www.theguardian.com/business/2023/jul/10/ inflation‑bank‑of‑england‑boss‑andrew‑bailey‑speech) Evaluate the possible conflicts between macroeconomic objectives when seeking to control inflation.

2. June 2024 · AS Paper 2 · Q6(f) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6

(f) Evaluate whether expansionary demand-side policies lead to conflicts between macroeconomic objectives. (20)

3. June 2024 · AS Paper 2 · Q6(g) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6

(g) Evaluate whether the MPC has been successful in meeting the UK’s macroeconomic objectives between 2008 and 2019. (20)

4. November 2021 · Paper 2 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

8 It has been estimated that if climate change led to the world’s temperature rising 2.5 °C compared to the temperature in 2010, then global GDP per capita would be 15% lower by 2100. If temperatures rise by 4 °C compared to the temperature in 2010, then by 2100 global GDP per capita would decline by more than 30%. (Source adapted from: https://www.nature.com/articles/s41586-018-0071-9) Evaluate the potential trade-offs between environmental protection and other macroeconomic objectives.

5. October 2020 · AS Paper 2 · Q6(g) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6

(g) Evaluate the likely macroeconomic effects of the UK government pursuing a policy of reducing its budget deficit. (20)

6. June 2019 · Paper 2 · Q6(d) · 12 marks · AO1=4,AO2=2,AO3=2,AO4=4

(d) With reference to Extract C, discuss the potential conflicts between macroeconomic objectives when the central bank attempts to control inflation. (12)

7. June 2019 · AS Paper 2 · Q6(g) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6

(g) Evaluate the potential conflicts between the objective of economic growth and two other UK macroeconomic objectives. (20)

8. June 2018 · AS Paper 2 · Q6(g) · 20 marks · AO1=4,AO2=4,AO3=6,AO4=6

(g) Evaluate the likely impact of high inflation on the UK government’s macroeconomic objectives. (20)

Mark schemes

1. June 2025 · Paper 2 · Q7

Mark scheme June 2025 Paper 2 Q7

2. June 2024 · AS Paper 2 · Q6(f)

Mark scheme June 2024 Paper 2 Q6(f)

3. June 2024 · AS Paper 2 · Q6(g)

Mark scheme June 2024 Paper 2 Q6(g)

4. November 2021 · Paper 2 · Q8

Mark scheme November 2021 Paper 2 Q8

5. October 2020 · AS Paper 2 · Q6(g)

Mark scheme October 2020 Paper 2 Q6(g)

6. June 2019 · Paper 2 · Q6(d)

Mark scheme June 2019 Paper 2 Q6(d)

7. June 2019 · AS Paper 2 · Q6(g)

Mark scheme June 2019 Paper 2 Q6(g)

8. June 2018 · AS Paper 2 · Q6(g)

Mark scheme June 2018 Paper 2 Q6(g)