Edexcel A Level
Economics (A)
Unit Assessment
4.5 Role of the State in the
Macroeconomy
(Edition 1)
Time: 70 minutes
Maximum marks: 50
Name
Centre Name
, Edexcel A Level Economics (A)
Unit Assessment – 4.5 Role of the State in the
Macroeconomy
Section A
ANSWER ALL THE QUESTIONS
1a Which of these bodies was formed by the UK government in 2010 to boost the credibility of the
government’s plans to manage public finances?
A The Office for National Statistics (ONS) o
B The Office for Budget Responsibility (OBR) o
C The European Central Bank (ECB) o
D The Financial Conduct Authority (FCA) o
(1 mark)
1b With reference to the economic cycle diagram below, explain how automatic stabilisers can help to
avoid excessive ‘boom and bust’ cycles.
(3 marks)
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