Unit 4: Developments in the global economy · WEC14/01
Edexcel International A-level Unit 4, October 2021
All 8 written questions and 6 multiple choice questions from Edexcel International A-level Unit 4 (October 2021), Developments in the global economy. Case studies: Zambia's economy. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.
Section A
- AA decrease in unemployment
- BA decrease in crowding out
- CAn increase in injections
- DAn increase in inflationary pressures
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The answer is B.
- AProgressive tax
- BProportional tax
- CRegressive tax
- DDirect tax
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The answer is C.
- AThe introduction of buffer stock schemes
- BState investment in human capital
- CState investment in infrastructure
- DThe promotion of microfinance schemes
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The answer is D.
- AC D F P1 World supply Domestic demand 0 Q1 Q2 Q3 Q4 Quantity Which one of the following statements is true? A Consumer surplus has decreased by the area P1P2EF
- BGovernment tax revenue is area ABEF
- CNet welfare loss areas are ABQ2Q1 and EFQ4Q3
- DProducer surplus has decreased by the area P1P2BA
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The answer is A.
- AExport prices and import prices have fallen at the same rate
- BImport prices have risen at a faster rate than export prices
- CExport prices have risen at a faster rate than import prices
- DImport prices have fallen relative to export prices
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The answer is B.
- AFall Fall
- BFall Rise
- CRise Fall
- DRise Rise
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The answer is A.
Section B
Case study
Zambia's economy
Extracts: Figure 1: World copper prices, US$ per pound, 2016-2020 · Extract A: Economic outlook · Figure 1: based on data taken from https://www.macrotrends.net/1476/copper-prices-historical-chart-data · Extract A: adapted from
In the extracts: South Africa, Zambia's GDP, USA, Bank, China, Copper, Economic, Gini, Increased, Poverty
Section C
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