Mark scheme (Results ) January 2024 International A Level In Economics (WEC12) Unit 2: Macroeconomic performance and policy Edexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites at www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using the details on our contact us page at www.edexcel.com/contactus . Pearson: helping people progress, everywhere Pearson aspires to be the world’s leading learning company. Our aim is to help everyone progress in their lives through education. We believe in every kind of learning, for all kinds of people, wherever they are in the world. We’ve been involved in education for over 150 years, and by working across 70 countries, in 100 languages, we have built an international reputation for our commitment to high standards and raising achievement through innovation in education. Find out more about how we can help you and your students at: www.pearson.com/uk January 2024
Question Paper Log Number P75594A
Publications Code WEC12_01_MS_2401
All the material in this publication is copyright
© Pearson Education Ltd 2024 Section A Question Quantitative skills assessed Answer Mark 1 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is A B is not correct as this is a withdrawal C is not correct as this is a withdrawal D is not correct as this is neither an injection nor a withdrawal (1) 2 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is C A is not correct as it is most likely that there will be an increase in profits for firms B is not correct as it is most likely that there will be an increase in the rate of inflation D is not correct as it is most likely that there will be an increase in government tax revenues (1) 3 QS2: Calculate, use and understand percentages, percentage changes and percentage point changes QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is B A is not correct as this is the difference in expenditure between 2021 and 2022 C is not correct as this uses the incorrect formula [(new -old/new)x100] to calculate the percentage change D is not correct as this uses the incorrect formula [(new/old)x100] to calculate the percentage change (1) 4 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is D A is not correct because this is most likely to lead to a reduction in Brazil’s balance of trade surplus B is not correct because this is most likely to lead to a reduction in Brazil’s balance of trade surplus C is not correct because this is most likely to lead to a reduc tion in Brazil’s balance of trade surplus (1) 5 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is B A is not correct because this is a monetary policy instrument C is not correct because this is a monetary policy instrument D is not correct because this is a monetary policy instrument (1)
Question Paper Log Number P75594A
Publications Code WEC12_01_MS_2401
All the material in this publication is copyright
© Pearson Education Ltd 2024 Section A Question Quantitative skills assessed Answer Mark 1 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is A B is not correct as this is a withdrawal C is not correct as this is a withdrawal D is not correct as this is neither an injection nor a withdrawal (1) 2 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is C A is not correct as it is most likely that there will be an increase in profits for firms B is not correct as it is most likely that there will be an increase in the rate of inflation D is not correct as it is most likely that there will be an increase in government tax revenues (1) 3 QS2: Calculate, use and understand percentages, percentage changes and percentage point changes QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is B A is not correct as this is the difference in expenditure between 2021 and 2022 C is not correct as this uses the incorrect formula [(new -old/new)x100] to calculate the percentage change D is not correct as this uses the incorrect formula [(new/old)x100] to calculate the percentage change (1) 4 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is D A is not correct because this is most likely to lead to a reduction in Brazil’s balance of trade surplus B is not correct because this is most likely to lead to a reduction in Brazil’s balance of trade surplus C is not correct because this is most likely to lead to a reduc tion in Brazil’s balance of trade surplus (1) 5 QS9: Interpret, apply and analyse information in written, graphical, tabular and numerical forms The only correct answer is B A is not correct because this is a monetary policy instrument C is not correct because this is a monetary policy instrument D is not correct because this is a monetary policy instrument (1)
