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earson Edexcel GCE AS Level In Economics A (8EC0) Paper 02 The UK Economy - Performance and Policies June 2023

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Pearson Edexcel GCE AS Level In Economics A (8EC0) Paper 02 The UK Economy - Performance and Policies June 2023

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  • October 25, 2023
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  • june 2023
  • pearson edexcel gce as level in economics a 8ec0
  • paper 02 the uk economy performance and policies

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Please check the examination details below before entering your candidate
information
Candidate surname Other names

Centre Candidate
Number Number


Pearson Edexcel Level 3
GCE
Monday 22 May 2023
Morning (Time: 1 hour 30
minutes)
referenc
e
8EC0/02  

Economics A
Advanced Subsidiary
PAPER 2: The UK Economy – Performance and
Policies
You do not need any other Total
materials. Marks




Instructions
•• Use black ink or ball-point
Fill in the boxes at the top of this page with your name, centre number
and candidate
• pen.
number.
There are two sections in this question paper.
• Answer all questions in Section
•• Answer theB,questions
In Section answer all of questions 6(a) to 6(e) and one question from 6(f) or 6(g).
in the spaces
A.
– there may be more space than you need.
provided
Information

•• The total mark for this paper is 80.
The marks for each question are shown in
– use this as a guide as to how much time to spend on each
• question.
brackets
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

, SECTION A
Answer ALL questions. Write your answers in the spaces provided.




AREA
DO NOT WRITE IN THIS
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)

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2


, (b) Which one of the following is also an example of an
interventionist supply-side policy?
(1)
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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)
AREA
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AREA




3
 Turn
over

, 2 The table below shows the UK’s real GDP per capita, in US dollars,
measured at Purchasing Power Parities, 2018 to 2020.




AREA
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Year GDP per capita,
US$

2018 46 853

2019 47 369

2020 42 536

(Source: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=GB)

(a) Define the term ‘GDP per capita’.
(1)

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AREA
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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
C Higher consumer confidence
D Higher price level
AREA
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4


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