Edexcel as level economics a question pap er 2 june 2023

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 Morning (Time: 1 hour 30 minutes) Paper reference 8EC0/02 Total Marks Economics A Advanced Subsidiary PAPER 2: The UK Economy – Performance and Policies You do not need any other materials. 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 two sections in this question paper. • Answer all questions in Section A. • In Section B, answer all of questions 6(a) to 6(e) and one question from 6(f) or 6(g). • Answer the questions in the spaces provided – there may be more space than you need. 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. • 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.*P73984RA0228* DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA 2  SECTION A 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 answer, put a line through the box and then mark your new answer with a cross . You are advised to spend 25 minutes on this section. Use the data to support your answers where relevant. You may annotate and include diagrams in your answers. 1 Between 2019 and 2020 the UK Government increased its expenditure on healthcare from £175.1 billion to £219.9 billion. (a) Explain one likely impact of this interventionist supply-side policy on aggregate supply in the UK. (3) .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... .................................................................................................................................................................................................................................................................................... *P73984RA0328* Turn over 3 DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA (b) Which one of the following is also an example of an interventionist supply-side policy? (1) A A decrease in the level of unemployment benefits B A decrease in the regulation of product markets C An increase in the provision of training programmes D An increase in the rate of corporation tax (Total for Question 1 = 4 marks)*P73984RA0428* DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA 4  2 The table below shows the UK’s real GDP per capita, in US dollars, measured at Purchasing Power Parities, 2018 to 2020. Year GDP per capita, US$ (Source: (a) Define the term ‘GDP per capita’. 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(b) Which one of the following is the most likely effect of the change in real GDP per capita between 2019 and 2020? (1) A Decrease in living standards B Decrease in unemployment