Unit 4: Developments in the global economy · WEC14/01

Edexcel International A-level Unit 4, January 2022 (reserve paper)

All 8 written questions and 6 multiple choice questions from Edexcel International A-level Unit 4 (January 2022), Developments in the global economy. Case studies: The economy of Taiwan. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paperMark scheme

Reserve paper: Pearson prepared this for January 2022 but it was not sat. It has a mark scheme but no examiner report.

Section A

Q11 mark
1 The Government of Qatar announced that it would spend $200 billion to build an airport, new roads, railways and stadiums needed for the 2022 football World Cup. This change in public expenditure is an example of an increase in which one of the following?
  1. ACapital expenditure
  2. BCurrent expenditure
  3. CProgressive taxation
  4. DTransfer payments
Show the answer

The answer is A.

TopicPublic finances and the role of the state

Question paper p.2Mark scheme p.4Open in the tool
Q21 mark
Which one of the following combinations of foreign currency transactions would Norway's central bank be most likely to use if it wanted to raise the value of the krone against the US dollar? Krone US dollar
  1. ABuy Buy
  2. BBuy Sell
  3. CSell Buy
  4. DSell Sell
Show the answer

The answer is B.

Question paper p.2Mark scheme p.4Open in the tool
Q41 mark
Which one of the following statements is true about the Laffer curve?
  1. AIt shows the relationship between the level of investment and the savings rate
  2. BIt shows the relationship between government tax revenue and the tax rate
  3. CIt shows the relationship between the rate of inflation and the unemployment rate
  4. DIt shows the relationship between quantitative easing and the rate of interest
Show the answer

The answer is B.

TopicPublic finances and the role of the state

Question paper p.3Mark scheme p.4Open in the tool
Q51 mark
Ceteris paribus, which one of the following can be deduced from this table?
  1. ABetween 2000 and 2018 Maldives' terms of trade improved by 7.6%
  2. BMaldives had to export the same amount of goods to purchase a given quantity of imports each year
  3. CMaldives' index of import prices exceeded its index of export prices throughout the given period
  4. DBetween 2000 and 2016 Maldives' terms of trade worsened by 2.5%
Show the answer

The answer is A.

TopicInternational trade, protectionism and trading blocs

Question paper p.4Mark scheme p.5Open in the tool
Q61 mark
Which one of the following can be deduced from this chart?
  1. ABetween 2015 and 2016 the distribution of income in Brazil became more equal
  2. BBetween 2016 and 2017 Brazil experienced perfect income equality
  3. CBetween 2017 and 2018 income inequality in Brazil increased by 0.6%
  4. DBetween 2015 and 2018 Brazil's Lorenz curve shifted further away from the line of perfect equality
Show the answer

The answer is D.

TopicPoverty and inequality

Question paper p.5Mark scheme p.5Open in the tool

Section B

Case study

The economy of Taiwan

Extracts: Figure 1: International visitors to Taiwan from selected countries, millions, · Extract A: Economic independence · Figure 1: based on data taken from Tourism Statistics Database of the Taiwan Tourism Bureau, · Extract A: adapted from Taiwan Shows How to Carefully Snip Chinese Economic Ties,

In the extracts: Carefully Snip Chinese Economic, New Southbound Policy, Taiwan Tourism Bureau, Tourism Statistics Database, Southeast Asian, South Asia, Taiwan Shows, China, Taiwanese, NSP

Section C

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.