Pearson Edexcel Level 3 GCE Economics A Advanced Subsidiary PAPER 2: The UK
Economy – Performance and Policies QP MAY 2024
[Document subtitle]
[Author name] [Date] [Course title]
, 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 20 May 2024
reference 8EC0/02
Paper
Morning (Time: 1 hour 30 minutes)
Economics A
Advanced Subsidiary
PAPER 2: The UK Economy – Performance and Policies
You do not need any other materials. Total Marks
Pearson Edexcel Level 3 GCE Economics A Advanced Subsidiary PAPER 2: The UK Economy –
Performance and Policies QP MAY 2024
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.
Turn over
P72019A
©2024 Pearson Education Ltd.
*P72019A0128*
F:1/1/1/1/1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
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 In 2019 the average annual percentage increase in real Gross Domestic Product
(GDP) was 1.7% in developed countries and it was 4.6% in developing countries.
(Source: adapted from IMF, World Economic Outlook 2019)
(a) Which one of the following best describes an increase in real GDP?
(1)
A Actual economic growth
B Negative output gap
DO NOT WRITE IN THIS AREA
C Positive output gap
D Potential economic growth
DO NOT WRITE IN THIS AREA
2
*P72019A0228*
, (b) Explain one limitation of using GDP data to compare living standards
between developed and developing countries.
(3)
DO NOT WRITE IN THIS AREA
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DO NOT WRITE IN THIS AREA
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....................................................................................................................................................................................................................................................................................
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(Total for Question 1 = 4 marks)
DO NOT WRITE IN THIS AREA
3
Economy – Performance and Policies QP MAY 2024
[Document subtitle]
[Author name] [Date] [Course title]
, 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 20 May 2024
reference 8EC0/02
Paper
Morning (Time: 1 hour 30 minutes)
Economics A
Advanced Subsidiary
PAPER 2: The UK Economy – Performance and Policies
You do not need any other materials. Total Marks
Pearson Edexcel Level 3 GCE Economics A Advanced Subsidiary PAPER 2: The UK Economy –
Performance and Policies QP MAY 2024
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.
Turn over
P72019A
©2024 Pearson Education Ltd.
*P72019A0128*
F:1/1/1/1/1/1/1/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
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 In 2019 the average annual percentage increase in real Gross Domestic Product
(GDP) was 1.7% in developed countries and it was 4.6% in developing countries.
(Source: adapted from IMF, World Economic Outlook 2019)
(a) Which one of the following best describes an increase in real GDP?
(1)
A Actual economic growth
B Negative output gap
DO NOT WRITE IN THIS AREA
C Positive output gap
D Potential economic growth
DO NOT WRITE IN THIS AREA
2
*P72019A0228*
, (b) Explain one limitation of using GDP data to compare living standards
between developed and developing countries.
(3)
DO NOT WRITE IN THIS AREA
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
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....................................................................................................................................................................................................................................................................................
DO NOT WRITE IN THIS AREA
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....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
....................................................................................................................................................................................................................................................................................
(Total for Question 1 = 4 marks)
DO NOT WRITE IN THIS AREA
3
