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

Edexcel International A-level Unit 4, October 2023

All 8 written questions and 6 multiple choice questions from Edexcel International A-level Unit 4 (October 2023), Developments in the global economy. Case studies: The economy of Pakistan. 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 is a non-economic factor that might constrain the rate of economic growth and economic development of a country?
  1. AA poorly educated workforce
  2. BVolatile commodity prices
  3. CCapital flight
  4. DHigh levels of corruption
Show the answer

The answer is D.

Question paper p.2Mark scheme p.3Examiner report p.5Open in the tool
Q21 mark
Ceteris paribus, which one of the following can be deduced from this statement?
  1. AUK goods and services were less internationally competitive than those of its trading partners
  2. BAverage export prices of UK goods and services were lower than the average export prices of its trading partners
  3. CUnit labour costs in the UK were the same as the average unit labour costs of its trading partners
  4. DThe UK experienced a significant deterioration in its terms of trade
Show the answer

The answer is A.

TopicInternational trade, protectionism and trading blocs

Question paper p.2Mark scheme p.3Examiner report p.5Open in the tool
Q31 mark
Ceteris paribus, which one of the following is the most likely effect of this decision?
  1. AAn increase in the money supply
  2. BAn increase in the level of real output
  3. CA decrease in the rate of inflation
  4. DA decrease in the rate of unemployment
Show the answer

The answer is C.

Question paper p.2Mark scheme p.3Examiner report p.5Open in the tool
Q51 mark
Which one of the following statements about absolute poverty is true?
  1. AAbsolute poverty is the inability of individuals or groups to meet their basic needs
  2. BAbsolute poverty is based on value judgements and is subject to changes over time
  3. CAbsolute poverty measures the percentage of people within a country earning less than 60% of median income
  4. DAbsolute poverty measures the percentage of people earning more than $2.15 a day at 2017 PPP values
Show the answer

The answer is A.

TopicPoverty and inequality

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

Section B

Case study

The economy of Pakistan

Extracts: Figure 1: National debt, $ billions, 2018-2022 · Figure 2: Rupee-US dollar exchange rate, January 2022 to June 2022 · Extract A: Economic outlook · Figure 1: from: · Figure 2: adapted from: · Extract A: adapted from:

In the extracts: IMF, SBP, Pakistan's, Bank, Economic, Previous, Rupee-US, Rupees, They, Trading

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.