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

Edexcel International A-level Unit 4, June 2023

All 8 written questions and 6 multiple choice questions from Edexcel International A-level Unit 4 (June 2023), Developments in the global economy. Case studies: Southeast Asian economies. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Q11 mark

1 Which one of the following suggests that primary product dependency is a constraint on growth and development?

AThe Prebisch-Singer hypothesis
BThe Marshall-Lerner condition
CThe Lewis structural dual-sector model
DThe Harrod-Domar model

Show the answer

The answer is A.

TopicThe balance of payments and exchange rates

Question paper p.2 Mark scheme p.4 Examiner report p.3 Open in the tool

Q21 mark

2 In 2022 the Australian Government announced that it would invest nearly $13.6 billion in major infrastructure projects. This change in public expenditure is an example of an increase in which one of the following?

ATransfer payments
BAutomatic stabilisers
CCurrent expenditure
DCapital expenditure

Show the answer

The answer is D.

TopicPublic finances and the role of the state

Question paper p.2 Mark scheme p.4 Open in the tool

Q31 mark

Which one of the following measures is most likely to increase South Korea's international competitiveness?

AStricter regulation of product markets
BPrivatisation of state-owned enterprises
CGreater restrictions on free trade
DLess spending on education and training

Show the answer

The answer is B.

TopicInternational competitiveness

Question paper p.2 Mark scheme p.4 Open in the tool

Q41 mark

Ceteris paribus, which one of the following is most likely to result from this trend in global container shipping costs?

ACosts of production for businesses will fall
BGlobal inflationary pressures will not change
CPatterns of world trade will not change
DTrade as a proportion of world GDP will fall

Show the answer

The answer is D.

Question paper p.3 Mark scheme p.4 Open in the tool

Q51 mark

Which one of the following can be deduced from this table?

ACountry M and Country Z will both benefit from specialisation and trade
BT here are zero opportunity costs for both countries in producing televisions or computers
CCountry Z has an absolute advantage over Country M in the production of televisions and computers
DCountry M has a comparative advantage over Country Z in the production of televisions and computers

Show the answer

The answer is C.

TopicInternational trade, protectionism and trading blocs

Question paper p.4 Mark scheme p.5 Examiner report p.3 Open in the tool

Q61 mark

Which one of the following combinations of foreign currency transactions would the Central Bank of India use to increase the value of the rupee against the US dollar? Rupee Dollar

ABuy Buy
BSell Buy
CBuy Sell
DSell Sell

Show the answer

The answer is C.

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

Section B

Case study

Southeast Asian economies

Extracts: Figure 1: Index of global prices for selected commodities, January 2020 to · Extract A: Economic outlook 2022 · Figure 1: and Extract A adapted from FT, https://www.ft.com/content/d1d5f596-d8af-4fcf-a01a-25b9fec8e245

In the extracts: European Central Bank, Southeast Asian, Coal Palm, Domestic Product, Indonesia, Malaysia, GDP, Philippines, Thailand, Vietnam

Q7(a)Calculate2 marks

With reference to Figure 1, calculate the increase in the price of coal between January 2020 and April 2022. You are advised to show your working.

Mark splitApplication 2

TopicInternational trade, protectionism and trading blocs

Question paper p.6 Mark scheme p.6 Examiner report p.5 Open in the tool

Q7(b)Explain4 marks

Explain what is meant by 'interest rates' (Extract A, line 4).

Mark splitKnowledge 2Application 2

TopicInternational trade, protectionism and trading blocs

Question paper p.6 Mark scheme p.6 Examiner report p.7 Open in the tool

Q7(c)Examine8 marks

With reference to the third paragraph of Extract A, examine two economic benefits of the increase in the number of tourists visiting Southeast Asian countries.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicInternational trade, protectionism and trading blocs

Question paper p.6 Mark scheme p.7 Examiner report p.9 Open in the tool

Q7(d)Analyse6 marks

Analyse why Thailand and Singapore 'are experiencing low rates of economic growth' (Extract A, line 22).

Mark splitKnowledge 2Application 2Analysis 2

TopicInternational trade, protectionism and trading blocs

Question paper p.6 Mark scheme p.8 Examiner report p.13 Open in the tool

Q7(e)Discuss14 marks

With reference to the information provided and your own knowledge, discuss factors that might cause an improvement in the terms of trade of Southeast Asian countries.

Mark splitEvaluation 6

TopicInternational trade, protectionism and trading blocs

Question paper p.6 Mark scheme p.9 Examiner report p.17 Open in the tool

Section C

Q8OptionalEvaluate20 marks

Evaluate the likely economic effects of an appreciation of a country's currency on its economy. Refer to a developed country of your choice in your answer.

Mark splitEvaluation 8

TopicEmerging and developing economies

Question paper p.16 Mark scheme p.11 Examiner report p.4 Open in the tool Practise the AD/AS diagram

Q9OptionalEvaluate20 marks

Evaluate the role of international institutions in promoting economic development. Refer to examples of developing countries in your answer.

Mark splitEvaluation 8

TopicEmerging and developing economies

Question paper p.16 Mark scheme p.14 Examiner report p.4 Open in the tool

Q10OptionalEvaluate20 marks

Evaluate possible causes of an increase in income inequality within a country of your choice.

Mark splitEvaluation 8

TopicPoverty and inequality

Question paper p.16 Mark scheme p.17 Examiner report p.4 Open in the tool

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.

Section A

Section B

Southeast Asian economies

Section C

Other years of Edexcel International A-level Unit 4

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