Mock Papers
Practice Papers
Past Papers
OCR A LEVEL 2025/26
Helpful for mocks and exam
revision
TYRIONPAPERS.COM
, Oxford Cambridge and RSA
Monday 19 May 2025 – Afternoon
A Level Economics
H460/02 Macroeconomics
Time allowed: 2 hours
You can use:
* 1 3 5 4 7 1 4 0 5 7 *
• a scientific or graphical calculator
* H 4 6 0 0 2 *
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use
the lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions in Section A, one question in Section B and one question in
Section C.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025 [601/4799/4] OCR is an exempt Charity
DC (CJ/FC) 345195/5 Turn over
for more: tyrionpapers.com
, 2
Section A
Read the stimulus material and answer all parts of Question 1.
What is the future for Bolivia?
Export tariffs and quotas are imposed by a number of countries. Reducing exports can increase
domestic supply which can affect the price of products sold on the home market and the
country’s tax revenue. It can also affect the supply of the country’s raw materials available to rival
foreign producers.
Both Argentina and Bolivia, impose export tariffs on soya beans. Argentina also imposes an 5
export tariff on lithium, a rare earth metal used in the production of electric cars. Bolivia has the
world’s largest resources of lithium which it is just beginning to extract. Bolivia already mines
gold, silver, nickel and other natural metals. Mining is part of the primary sector. Fig. 1 shows the
share of the labour force in the different sectors in Argentina and Bolivia in 2021.
Fig. 1
Share of the labour force in the different sectors in Argentina and Bolivia 2021
Primary sector
Secondary sector
Tertiary sector
Argentina Bolivia
5%
27%
28%
49%
63%
24%
Exporting lithium can affect Bolivia’s terms of trade and the current account of its balance of 10
payments. In 2021, Bolivia’s terms of trade were 62 and its index of average export prices was
85.56. In that year, Bolivia had a surplus on its current account. It also had the lowest inflation
rate in South America.
Fig. 2 shows the inflation rate and current account balance as a percentage of GDP of selected
countries in 2021, when the global average inflation rate was 3.5%. 15
© OCR 2025
for more: tyrionpapers.com
Practice Papers
Past Papers
OCR A LEVEL 2025/26
Helpful for mocks and exam
revision
TYRIONPAPERS.COM
, Oxford Cambridge and RSA
Monday 19 May 2025 – Afternoon
A Level Economics
H460/02 Macroeconomics
Time allowed: 2 hours
You can use:
* 1 3 5 4 7 1 4 0 5 7 *
• a scientific or graphical calculator
* H 4 6 0 0 2 *
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use
the lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions in Section A, one question in Section B and one question in
Section C.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025 [601/4799/4] OCR is an exempt Charity
DC (CJ/FC) 345195/5 Turn over
for more: tyrionpapers.com
, 2
Section A
Read the stimulus material and answer all parts of Question 1.
What is the future for Bolivia?
Export tariffs and quotas are imposed by a number of countries. Reducing exports can increase
domestic supply which can affect the price of products sold on the home market and the
country’s tax revenue. It can also affect the supply of the country’s raw materials available to rival
foreign producers.
Both Argentina and Bolivia, impose export tariffs on soya beans. Argentina also imposes an 5
export tariff on lithium, a rare earth metal used in the production of electric cars. Bolivia has the
world’s largest resources of lithium which it is just beginning to extract. Bolivia already mines
gold, silver, nickel and other natural metals. Mining is part of the primary sector. Fig. 1 shows the
share of the labour force in the different sectors in Argentina and Bolivia in 2021.
Fig. 1
Share of the labour force in the different sectors in Argentina and Bolivia 2021
Primary sector
Secondary sector
Tertiary sector
Argentina Bolivia
5%
27%
28%
49%
63%
24%
Exporting lithium can affect Bolivia’s terms of trade and the current account of its balance of 10
payments. In 2021, Bolivia’s terms of trade were 62 and its index of average export prices was
85.56. In that year, Bolivia had a surplus on its current account. It also had the lowest inflation
rate in South America.
Fig. 2 shows the inflation rate and current account balance as a percentage of GDP of selected
countries in 2021, when the global average inflation rate was 3.5%. 15
© OCR 2025
for more: tyrionpapers.com
