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2025/ 2026 GCSE May 2024 OCR Economics Paper 2 100% Verified with Correct Questions and Answers with Solution

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Access the GCSE May 2024 OCR Economics Paper 2 with solution, featuring 100% verified questions and answers aligned with the official OCR Economics specification. This revision resource supports students in strengthening understanding of key economic theories, applying examiner marking criteria, and improving exam technique across Paper 2 topics. Updated 2025/ 2026 materials provide realistic exam practice, enhance analytical and evaluation skills, and support higher performance in OCR GCSE Economics assessments.

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- Shikha - Gupta
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf




Oxford Cambridge and RSA

Tuesday 21 May 2024 – Morning
GCSE (9–1) Economics
J205/02 National and International Economics
Time allowed: 1 hour 30 minutes

You can use:
* 1 3 7 3 4 9 2 9 2 7 *




• a scientific or graphical calculator
• an HB pencil




* J 2 0 5 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.

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 24 pages.

ADVICE
• Read each question carefully before you start your answer.




© OCR 2024 [603/0143/0] OCR is an exempt Charity
DC (PQ/SG) 335441/3 Turn over



GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf

, - Shikha - Gupta
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf



2
SECTION A

Write your answer to each question in the box provided.


1 Which statement about GDP per capita is not correct?

A It calculates the output per head of a country’s population

B It can be used to measure the standard of living between countries

C It represents the average income of each person in a country

D It shows a country is in recession if GDP per capita decreases


Your answer [1]


2 The UK uses CPI to measure inflation.

Which statement about CPI is correct?

A It does not include the prices of exports

B It measures the prices of all goods and services in the UK

C It only measures the prices of goods

D The letters CPI stand for customer price index


Your answer [1]


3 Which statement shows a negative externality affecting a worker in the car industry?

A A worker is retrained so they can use new machinery as part of their job

B A worker is unable to get to work due to train drivers being on strike

C A worker loses their job due to increased use of automation

D A worker takes time off to have medical tests provided by their employer


Your answer [1]




© OCR 2024




GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf

, - Shikha - Gupta
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf



3
4 If a country enters into a free trade agreement, it is most likely to lead to a decrease in the

A country’s economic growth

B level of imports

C standard of living in other countries

D unemployment in the country


Your answer [1]


5 The table shows the rate of inflation for 2021 and 2022 in five countries.

2021 (%) 2022 (%)

Country S 4.7 4.1

Country T –2.4 –0.5

Country V 12.3 3.1

Country W 8.1 0.3

Country Z 8.1 –0.1


In which two countries did the general price level decrease between 2021 and 2022?

A Countries S and V

B Countries T and W

C Countries T and Z

D Countries W and Z


Your answer [1]


6 A current account surplus will most likely lead to

A a decrease in the country’s debt

B a decrease in the exchange rate

C a decrease in the rate of inflation

D an increase in unemployment


Your answer [1]



© OCR 2024 Turn over



GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf
GCSE MAY 2024 OCR ECONOMICS PAPER 2.pdf

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