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EDEXCEL 2023 papers AND markschemes
...............EASE YOUR REVISION...........................
edexcel june 2023
2
23
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20
2
23
For resources, notes, easier revision
20
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2
20
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 22 May 2023
Afternoon (Time: 2 hours) Paper
reference 9EC0/02
Economics A
Advanced
PAPER 2: The National and Global Economy
You do not need any other materials. Total Marks
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P72981A
©2023 Pearson Education Ltd.
N:1/1
*P72981A0136*
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant. You may annotate and
include diagrams in your answers.
1 In September 2022 the Bank of England increased the base interest rate from
1.75% to 2.25%.
(Source: adapted from https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp)
(a) Draw an aggregate demand and aggregate supply diagram to illustrate the likely
impact of an increase in the UK base interest rate on the average price level and
real output.
(4)
(b) Which one of the following is the most likely impact of an increase in the base
interest rate?
(1)
A decrease in the:
A level of demand pull inflation
B marginal propensity to save
C rate of cyclical unemployment
D value of the pound against the dollar
(Total for Question 1 = 5 marks)
2
*P72981A0236*
, DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
BLANK PAGE
QUESTION 2 BEGINS ON THE NEXT PAGE.
3
*P72981A0336* Turn over
EDEXCEL 2023 papers AND markschemes
...............EASE YOUR REVISION...........................
edexcel june 2023
2
23
OFF THIS PAGESTRIP OFF THIS PAGE
20
2
23
For resources, notes, easier revision
20
2
20
, Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 22 May 2023
Afternoon (Time: 2 hours) Paper
reference 9EC0/02
Economics A
Advanced
PAPER 2: The National and Global Economy
You do not need any other materials. Total Marks
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P72981A
©2023 Pearson Education Ltd.
N:1/1
*P72981A0136*
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Some questions must be answered with a cross in a box . If you change your mind about an
answer, put a line through the box and then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant. You may annotate and
include diagrams in your answers.
1 In September 2022 the Bank of England increased the base interest rate from
1.75% to 2.25%.
(Source: adapted from https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp)
(a) Draw an aggregate demand and aggregate supply diagram to illustrate the likely
impact of an increase in the UK base interest rate on the average price level and
real output.
(4)
(b) Which one of the following is the most likely impact of an increase in the base
interest rate?
(1)
A decrease in the:
A level of demand pull inflation
B marginal propensity to save
C rate of cyclical unemployment
D value of the pound against the dollar
(Total for Question 1 = 5 marks)
2
*P72981A0236*
, DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
BLANK PAGE
QUESTION 2 BEGINS ON THE NEXT PAGE.
3
*P72981A0336* Turn over
