100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global Economy QP MAY 2024 $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Pearson Edexcel Level 3 GCE Economics A
  4.  
  5. Pearson Edexcel Level 3 GCE Economics A

Exam (elaborations)

Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global Economy QP MAY 2024

 8 views  0 purchase
  • Course
  • Pearson Edexcel Level 3 GCE Economics A
  • Institution
  • Pearson Edexcel Level 3 GCE Economics A

Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global Economy QP MAY 2024

Preview 4 out of 36  pages

Document information

  • September 30, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • pearson edexcel level 3 gce economics a advanced p

Written for

  • Pearson Edexcel Level 3 GCE Economics A
  • Pearson Edexcel Level 3 GCE Economics A

Seller

avatar-seller
papersbybree

Reviews received

Content preview

surname names


Number Number




Paper
■ ■


Advanced A
PAPER 2: The National and Global Economy




Pearson Edexcel Level 3 GCE Economics A Advanced PAPER 2: The National and Global
Economy QP MAY 2024
Instructions

•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,

• There
centre number and candidate number.
are three sections in this question paper. Answer all questions from Section

• Answer
A and Section B. Answer one question from Section C.
the questions in the spaces provided –
there may be more space than you need.

Information

•• The total mark for this paper is 100.
The marks for each question are shown in brackets

• may be used.
– use this as a guide as to how much time to spend on each question. Calculators


Advice

•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.




Turn over


P74000A
©2024 Pearson Education Ltd.
F: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 30 minutes on this section.
Use the data to support your answers where relevant. You may annotate and include diagrams in
your answers.
1 UK household savings as a percentage of household disposable income, quarter
1 (Q1) 2015 to quarter 3 (Q3) 2021

25
%
20




DO NOT WRITE IN THIS AREA
15


10


5


0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2015 2016 2017 2018 2019 2020 2021

(Source: https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/dgd8/ukea)

(a) With reference to the chart above, which one of the following is correct?
(1)
UK household savings as a percentage of household disposable income:
DO NOT WRITE IN THIS AREA


A fell in 2015

B fell throughout the time period shown

C were the highest in Q1 2017
D were the highest in Q2 2020




2
■■■■

, (b) In Q4 of 2015 average household disposable income was £26 300.
Calculate the total amount of money saved by the average household in Q4 of 2015.
DO NOT WRITE IN THIS AREA




(2)

. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. ... .. .. .. ... ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................
DO NOT WRITE IN THIS AREA




. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. ... .. .. .. ... ......................


(c) Explain one likely reason for the change in total household savings from Q1 2020 to Q2
2020.
(2)

. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. ... .. .. .. ... ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... ......................
DO NOT WRITE IN THIS AREA




. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. . . ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................



. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. . . . .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. ... .. .. .. . .. ......................


(Total for Question 1 = 5 marks)




3
■■■■ Turn over

, 2 Investment in the European Union, percentage of GDP, January 2019 to October 2021
25




DO NOT WRITE IN THIS AREA
% 24.2
24
23.4 23.5
23.3
23 22.7 22.8
22.2 22.4 22.5
22
22
21.4
20.8
21


20


0
April July October January April July October January April July October




DO NOT WRITE IN THIS AREA
January
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021

(Source: adapted from https://www.ceicdata.com/en/indicator/
european-union/investment--nominal-gdp)

(a) Which one of the following is the percentage point fall in investment between April 2020
and July 2020?
(1)
A 0.1
B 0.6
C 2.1
D 8.9


DO NOT WRITE IN THIS AREA




4
■■■■

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller papersbybree. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart