Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International GCSE
Wednesday 5 June 2024
Afternoon (Time: 1 hour 30 minutes) Paper
reference 4EC1/02R
Economics
Level 1/2
PAPER 2: Macroeconomics and the 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.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
• You are advised to show all your working out with your answer clearly identified
at the end of your solution.
Information
• The total mark for this paper is 80.
• The marks for each question are shown in brackets
– 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.
Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P72970RA
©2024 Pearson Education Ltd.
F:1/1/1/1/1/1/
*P72970RA0124*
, Answer ALL questions. Write your answers in the spaces provided.
Some questions must be answered with a cross in a box . If you change your mind about an
DO NOT WRITE IN THIS AREA
answer, put a line through the box and then mark your new answer with a cross .
1 (a) Which one of the following is a disadvantage of multinational corporations
(MNCs) operating in a country?
(1)
A Developing capital
B Investing in infrastructure
C Creating jobs
D Environmental damage
(b) Which one of the following describes voluntary unemployment?
(1)
A Unemployment caused by a lack of demand for a particular skill
B Unemployment caused by changes in the business cycle
DO NOT WRITE IN THIS AREA
C Unemployment caused by individuals choosing not to work
D Unemployment caused by seasonal fluctuations in the demand
for labour
(c) What is meant by the term monetary policy?
(2)
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
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DO NOT WRITE IN THIS AREA
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2
*P72970RA0224*
, (d) Describe one advantage of privatisation for a government.
(2)
DO NOT WRITE IN THIS AREA
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
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Figure 1 shows selected UK Government receipts from taxation in February 2023.
£bn
Income tax 20.0
DO NOT WRITE IN THIS AREA
Sales tax (VAT/GST) 14.3
Business taxes 7.6
Excise duties 3.7
Customs duties 0.4
Figure 1
(e) Calculate the total amount of revenue in £bn raised by indirect taxes in February
2023. You are advised to show your working.
(2)
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
DO NOT WRITE IN THIS AREA
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3
*P72970RA0324* Turn over
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International GCSE
Wednesday 5 June 2024
Afternoon (Time: 1 hour 30 minutes) Paper
reference 4EC1/02R
Economics
Level 1/2
PAPER 2: Macroeconomics and the 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.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
• You are advised to show all your working out with your answer clearly identified
at the end of your solution.
Information
• The total mark for this paper is 80.
• The marks for each question are shown in brackets
– 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.
Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P72970RA
©2024 Pearson Education Ltd.
F:1/1/1/1/1/1/
*P72970RA0124*
, Answer ALL questions. Write your answers in the spaces provided.
Some questions must be answered with a cross in a box . If you change your mind about an
DO NOT WRITE IN THIS AREA
answer, put a line through the box and then mark your new answer with a cross .
1 (a) Which one of the following is a disadvantage of multinational corporations
(MNCs) operating in a country?
(1)
A Developing capital
B Investing in infrastructure
C Creating jobs
D Environmental damage
(b) Which one of the following describes voluntary unemployment?
(1)
A Unemployment caused by a lack of demand for a particular skill
B Unemployment caused by changes in the business cycle
DO NOT WRITE IN THIS AREA
C Unemployment caused by individuals choosing not to work
D Unemployment caused by seasonal fluctuations in the demand
for labour
(c) What is meant by the term monetary policy?
(2)
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
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DO NOT WRITE IN THIS AREA
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2
*P72970RA0224*
, (d) Describe one advantage of privatisation for a government.
(2)
DO NOT WRITE IN THIS AREA
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
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Figure 1 shows selected UK Government receipts from taxation in February 2023.
£bn
Income tax 20.0
DO NOT WRITE IN THIS AREA
Sales tax (VAT/GST) 14.3
Business taxes 7.6
Excise duties 3.7
Customs duties 0.4
Figure 1
(e) Calculate the total amount of revenue in £bn raised by indirect taxes in February
2023. You are advised to show your working.
(2)
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
DO NOT WRITE IN THIS AREA
. . . . . . . . . . . . .. .. .. .. .. .. .. .. .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................ ............................................................................................................................ .............. .. . . . . . . . . . . . . . . . . . . . .
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3
*P72970RA0324* Turn over
