Unit 2: Macroeconomic performance and policy · WEC12/01
Edexcel International AS Unit 2, January 2022 (reserve paper)
All 12 written questions and 6 multiple choice questions from Edexcel International AS Unit 2 (January 2022), Macroeconomic performance and policy. Case studies: The New Zealand economy. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.
Reserve paper: Pearson prepared this for January 2022 but it was not sat. It has a mark scheme but no examiner report.
Section A
- AGreece experienced a recession in Quarters 1 and 2 of 2016
- BGreece experienced negative economic growth throughout 2017
- CGreece experienced positive economic growth in Quarter 3 of 2019
- DGreece experienced a recession in Quarter 2 of 2020
Show the answer
The answer is A.
TopicEconomic growth
- AReal wage inflexibility
- BEconomic inactivity
- CUnemployment
- DUnderemployment
Show the answer
The answer is D.
- AThe aggregate demand curve shifted to the left
- BThe aggregate demand curve shifted to the right
- CThe long-run aggregate supply curve shifted to the right
- DThe short-run aggregate supply curve shifted to the left
Show the answer
The answer is C.
TopicAggregate supply
- AGermany had a net withdrawal from the circular flow of income
- BGermany had a net injection into the circular flow of income
- CGermany had a deficit on the current account of the balance of payments
- DGermany had a surplus on the current account of the balance of payments
Show the answer
The answer is A.
- AThe rate of economic growth and protection of the environment
- BThe rate of inflation and the unemployment rate
- CThe rate of inflation and equilibrium on the current account of the balance of payments
- DThe rate of economic growth and income inequality
Show the answer
The answer is B.
- A$7.76 billion
- B$21.45 billion
- C$46.55 billion
- D$65.55 billion
Show the answer
The answer is C.
Section B
TopicEconomic growth
TopicEconomic growth
Section C
Case study
The New Zealand economy
Extracts: Figure 1: ILO unemployment rate, Quarter 1 to Quarter 4 2020 · Extract A: The impact of the global health crisis · Figure 1: adapted from https://www.stats.govt.nz/indicators/unemployment-rate · Extract A: adapted from 'New Zealand Economy Surges Out of Recession In V-Shaped Recovery', Tracy
In the extracts: New Zealand Economy Surges, Recession In V-Shaped Recovery', Tourism Industry Revealed', New Zealand's, Elle Hunt, New Zealanders, Tracy Withers, GDP, ILO, Bloomberg
Section D
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.