: Pearson Edexcel past-paper questions pack
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Macroeconomic policies in a global context

Past-paper questions pack

Name
Class
Date set
Date due
Score/ 109

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 · 6 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2024 · Paper 2 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
7 In 2021 Brazil’s current account deficit on the balance of payments was US$46.12 billion. The Central Bank of Brazil intervened to sell its own currency, the real, on September 23rd 2022. This was the first time it has intervened in foreign currency markets since December 2021. (Source adapted from: https://www.statista.com/statistics and https://www.centralbanking. com/central-banks/reserves/foreign-exchange/7953193/brazil-makes-first-fx-intervention- of-the-year) Evaluate macroeconomic policies that could be used to reduce a current account deficit. Refer to a country of your choice in your answer.
2. June 2023 · Paper 3 · Q1(d) · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
(d) Evaluate microeconomic and macroeconomic policies that could be used to reduce inequality in the UK. (25)
3. November 2021 · Paper 2 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
7 The European Central Bank introduced a new round of quantitative easing (QE) in March 2020, purchasing up to €750 billion of assets. The objective of this QE was to reduce the serious risks to the effectiveness of monetary policy resulting from a significant recession. The European Central Bank’s target for inflation remains at ‘below but close to 2%’. (Source adapted from: https://www.ecb.europa.eu/press/pr/date/2020/html/ecb. pr200318_1~3949d6f266.en.html) Evaluate the effectiveness of quantitative easing during ‘a significant recession’.
4. October 2020 · Paper 2 · Q6(d) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(d) Nigeria is considering joining the African Continental Free Trade Agreement. Assess policies the Nigerian government could use in response to the concerns of the country’s ‘manufacturers and trade unions’ (Extract B paragraph 3) if they join this trading bloc. (10)
5. June 2018 · Paper 2 · Q6(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(c) With reference to Extract A, discuss two macroeconomic policies, apart from protectionism, that a government could use to reduce the negative effects of globalisation. (12)
6. June 2017 · Paper 2 · Q6(d) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(d) Discuss the likely success of the ECB’s quantitative easing programme in moving Eurozone inflation closer to ‘the central bank’s ceiling of 2%’ (Extract A, line 17). (12)

Mark schemes

1. June 2024 · Paper 2 · Q7
Mark scheme June 2024 Paper 2 Q7
2. June 2023 · Paper 3 · Q1(d)
Mark scheme June 2023 Paper 3 Q1(d)
3. November 2021 · Paper 2 · Q7
Mark scheme November 2021 Paper 2 Q7
4. October 2020 · Paper 2 · Q6(d)
Mark scheme October 2020 Paper 2 Q6(d)
5. June 2018 · Paper 2 · Q6(c)
Mark scheme June 2018 Paper 2 Q6(c)
6. June 2017 · Paper 2 · Q6(d)
Mark scheme June 2017 Paper 2 Q6(d)