Unit 2: Macroeconomic performance and policy · WEC12/01

Edexcel International AS Unit 2, June 2023

All 12 written questions and 6 multiple choice questions from Edexcel International AS Unit 2 (June 2023), Macroeconomic performance and policy. Case studies: The Indian 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

Q31 mark
3 Which one of the following statements about the classical long-run aggregate supply (LRAS) curve is correct?
  1. AIt is relatively elastic at high levels of spare capacity
  2. BIt is perfectly inelastic at the full employment level of real output
  3. CIt is perfectly inelastic at high levels of spare capacity
  4. DIt is relatively elastic at the full employment level of real output
Show the answer

The answer is B.

TopicAggregate supply

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

Section B

Section C

Case study

The Indian economy

Extracts: Figure 1: Balance of trade, June 2020 to July 2022 · Extract A: Balance of trade, inflation and economic growth · Figure 1: adapted from https://tradingeconomics.com/india/balance-of-trade · Extract A: adapted from https://www.ft.com/content/30a87a08-6ca6-40a7-9372-16c8e0cee323

In the extracts: Indian, Balance, Asian, China, India's, Japan, Korea, Oil, South

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.