Paper 2: Macroeconomics · H460/02

OCR A-level Paper 2, June 2023

All 10 written questions from OCR A-level Paper 2 (June 2023), Macroeconomics. Case studies: International competitiveness. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Case study

International competitiveness

In the extracts: Rwanda, GDP, China, UAE, International, World Economic Forum, UK Sweden Singapore, Slovenia Italy, Macroeconomic, Unemployment

Q1(a)2 marks

Using information from the stimulus material, calculate the balance on the UK's primary and secondary income in 2019.

TopicInternational trade and exchange ratesThe financial sectorThe labour market

Question paper p.5 Mark scheme p.34 Examiner report p.2 Open in the tool

Q1(b)2 marks

Using information from the stimulus material, identify two causes of an increase in the money supply. 1 2

TopicMacroeconomic objectives and policy

Question paper p.5 Mark scheme p.34 Examiner report p.2 Open in the tool

Q1(c)Explain2 marks

Explain how a change in working hours is likely to affect productivity.

TopicInternational trade and exchange ratesThe financial sectorThe labour market

Question paper p.5 Mark scheme p.34 Examiner report p.2 Open in the tool

Q1(d)4 marks

Using Fig. 1, explain the relationship between international competitiveness and GDP per capita.

TopicMeasuring economic performanceInternational trade and exchange rates

Question paper p.5 Mark scheme p.34 Examiner report p.2 Open in the tool

Q1(e)8 marks

Using information from the stimulus material, evaluate whether the size of Rwanda's multiplier is likely to have increased between 2010 and 2019.

TopicAggregate demand

Question paper p.6 Mark scheme p.34 Examiner report p.2 Open in the tool Practise the multiplier diagram

Q1(f)12 marks

Using information from the stimulus material, evaluate whether the changes in Rwanda's price level between 2010 and 2019 is likely to have harmed Rwandan households and firms.

TopicMeasuring economic performance

Question paper p.7 Mark scheme p.34 Examiner report p.2 Open in the tool Practise the AD/AS diagram

Section B

Q2OptionalEvaluate25 marks

Evaluate, with the use of an appropriate diagram(s), whether an increase in consumer expenditure will always reduce a country's unemployment rate.

TopicMeasuring economic performance

Question paper p.8 Mark scheme p.17 Examiner report p.2 Open in the tool Draw it: AD/AS diagram

Q3OptionalEvaluate25 marks

Evaluate, with the use of an appropriate diagram(s), whether a central bank should try to stop a decline in a country's exchange rate.

TopicInternational trade and exchange ratesThe financial sector

Question paper p.8 Mark scheme p.22 Examiner report p.2 Open in the tool

Section C

Q4OptionalEvaluate25 marks

Evaluate the effectiveness of using supply side policy measures to reduce poverty.

TopicMacroeconomic objectives and policy

Question paper p.12 Mark scheme p.26 Examiner report p.2 Open in the tool

Q5OptionalEvaluate25 marks

Evaluate whether a government should rely more on indirect or direct taxation as a source of revenue.

TopicGovernment intervention in markets

Question paper p.12 Mark scheme p.30 Examiner report p.2 Open in the tool

Question text is quoted from the question papers, © OCR (Oxford Cambridge and RSA), 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.

Section A

International competitiveness

Section B

Section C

Other years of OCR A-level Paper 2

Topics on this paper