Component 1: Introduction to Economic Principles · B520U10-1
Eduqas AS Component 1, June 2019
All 13 written questions from Eduqas AS Component 1 (June 2019), Component 1: Introduction to Economic Principles. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.
Q1(a)
Using 1948 real GDP as the base, calculate the index number for real GDP in 2013.
Mark splitKnowledge 1Application 1
Q1(b)
(i) Adapt the PPF diagram to show the UK economy's position in 2013. (ii) Outline reasons for the changes that you have made to the diagram.
Mark splitKnowledge 2Application 2
Q1(c)
With reference to the concept of income elasticity of demand, explain one possible reason for the change in the pattern of output shown in Chart 1.
Mark splitApplication 1Analysis 1
Q2(a)
With reference to economic theory, explain one possible reason why the labour market is becoming increasingly specialised.
Mark splitKnowledge 1Analysis 1
TopicThe labour market
Q2(b)
Outline why an economy with a highly specialised workforce will require an efficient means of exchange.
Mark splitKnowledge 2
Q3
Discuss the extent to which the RNLI can be described as a private good.
Mark splitKnowledge 2Application 2Evaluation 2
Q4(a)
(i) Outline what is meant by a price elasticity of demand figure of –0.4. (ii) Calculate the impact on the expenditure on home care services of the median disabled elderly household in France as a result of an increase in hourly prices to €27 per hour.
Mark splitKnowledge 2Application 4
Q4(b)
Discuss how useful this elasticity data might be to a private sector firm providing home care services in France.
Mark splitApplication 2Analysis 3Evaluation 3
Q5(a)
Describe the trends in rough sleeping in the UK between 2011 and 2016 shown in the chart.
Mark splitApplication 3
TopicPoverty and inequalityDemand, supply and elasticity
Q5(b)
Using the data, discuss whether the rent controls proposed by Jeremy Corbyn are likely to solve the problems of homelessness in the UK.
TopicPoverty and inequalityDemand, supply and elasticity
Q6
Use an AD/AS diagram to outline and illustrate why UK inflation increased over the year to its September 2017 level.
Q7
Using the data below and appropriate economic analysis, consider the extent to which interest rates appear to have been an effective tool for controlling inflation in Australia over the period shown.
Q8
With the use of a diagram, outline why the peso appreciated in July 2017.
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