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

Edexcel International A-level Unit 4, June 2024

All 8 written questions and 6 multiple choice questions from Edexcel International A-level Unit 4 (June 2024), Developments in the global economy. Case studies: The Indonesian economy. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paperMark schemeExaminer report

Section A

Q11 mark
1 Which one of the following best describes the role of the World Bank?
  1. AT o maintain exchange rate stability by ensuring international monetary cooperation between countries
  2. BTo provide loans to countries that experience temporary current account deficits on their balance of payments
  3. CTo resolve trade disputes between countries and set the rules of trade
  4. DTo promote economic development through poverty reduction programmes
Show the answer

The answer is D.

TopicThe balance of payments and exchange rates

Question paper p.2Mark scheme p.3Open in the tool
Q21 mark
Which one of the following can be deduced from this information?
  1. AHungary has a progressive tax system
  2. BHungary has a regressive tax system
  3. CHungary has a proportional tax system
  4. DHungary has a specific tax system
Show the answer

The answer is C.

Question paper p.2Mark scheme p.3Open in the tool
Q31 mark
Which one of the following is the most likely reason why the UK Government maintained these tariffs until 2024?
  1. ATo increase the level of unemployment in the UK steel industry
  2. BTo prevent dumping of steel in the UK from foreign countries
  3. CTo protect transnational companies supplying steel to the UK
  4. DTo decrease government revenue from tariffs on imported steel
Show the answer

The answer is B.

TopicGlobalisation

Question paper p.2Mark scheme p.3Open in the tool
Q51 mark
Which one of the following statements can be deduced from the data in the table?
  1. ALiteracy rates must be higher in Uruguay than in Chile
  2. BUruguay is less economically developed than Chile
  3. CAverage incomes are higher in Uruguay than in Chile
  4. DUruguay has better provision of healthcare than Chile
Show the answer

The answer is B.

TopicEmerging and developing economies

Question paper p.3Mark scheme p.4Open in the tool
Q61 mark
Which one of the following can be deduced from this chart?
  1. ABetween 2018 and 2021 the Lorenz curve shifted closer to the line of perfect equality
  2. BBetween 2018 and 2019 the distribution of income became more unequal
  3. CBetween 2019 and 2020 there was perfect income inequality
  4. DBetween 2020 and 2021 income inequality increased by approximately 1.1%
Show the answer

The answer is A.

TopicPoverty and inequality

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

Section B

Case study

The Indonesian economy

Extracts: Figure 1: Monthly balance of trade in goods and services, $ billion, · Extract A: Economic outlook · Figure 1: adapted from: Trading Economics, https://tradingeconomics.com/indonesia/balance-of-trade · Extract A: adapted from: FT, https://www.ft.com/content/f179df5b-1dc7-46f4-88dc-97ddfe1d2fe4

In the extracts: Southeast Asia, Indonesia's, China, FDI, Vietnam, GDP, Indonesian, Brazil, Economic, Monthly

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.