Paper 2: Macroeconomics · H460/02

OCR A-level Paper 2, June 2025

All 10 written questions from OCR A-level Paper 2 (June 2025), Macroeconomics. Case studies: What is the future for Bolivia?. 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

What is the future for Bolivia?

In the extracts: Bolivia, Argentina and Bolivia, GDP, South America, Banco Central, Argentina Bolivia, Paraguay Current, Bolivia China, Bangladesh, Additional

Q1(a)2 marks

Using information from the stimulus material, identify two reasons for imposing export tariffs. 1. 2.

Mark splitApplication 2

TopicInternational trade and exchange rates

Question paper p.4 Mark scheme p.11 Examiner report p.2 Open in the tool

Q1(b)2 marks

Using Fig. 1, explain how Bolivia's level of development compared to Argentina's level of development in 2021.

Mark splitKnowledge 1Application 1

TopicInternational trade and exchange ratesMeasuring economic performanceMacroeconomic objectives and policy

Question paper p.4 Mark scheme p.11 Examiner report p.2 Open in the tool

Q1(c)Calculate2 marks

Calculate Bolivia's index of average import prices in 2021.

Mark splitKnowledge 1Application 1

TopicInternational trade and exchange rates

Question paper p.4 Mark scheme p.12 Examiner report p.2 Open in the tool

Q1(d)4 marks

Using Fig. 2 and the stimulus material, explain the relationship between the inflation rate and current account balance of the selected countries in 2021.

Mark splitKnowledge 2Application 2

TopicMeasuring economic performanceInternational trade and exchange rates

Question paper p.5 Mark scheme p.12 Examiner report p.2 Open in the tool

Q1(e)8 marks

Using information from the stimulus material, evaluate whether Bolivia should keep a fixed exchange rate.

Mark splitKnowledge 1Application 1Analysis 3Evaluation 3

TopicInternational trade and exchange rates

Question paper p.6 Mark scheme p.14 Examiner report p.2 Open in the tool

Q1(f)12 marks

Using information from the stimulus material, evaluate whether Bolivia's income tax revenue is likely to increase in the future.

Mark splitKnowledge 1Application 1Analysis 5Evaluation 5

TopicMacroeconomic objectives and policyGovernment intervention in markets

Question paper p.7 Mark scheme p.17 Examiner report p.2 Open in the tool

Section B

Q2OptionalEvaluate25 marks

Evaluate, with the use of an appropriate diagram(s), whether there is a conflict between the two economic objectives of low inflation and full employment.

Mark splitKnowledge 6Application 6Analysis 6Evaluation 7

TopicMeasuring economic performance

Question paper p.8 Mark scheme p.22 Examiner report p.2 Open in the tool Draw it: Phillips curve diagram Or: AD/AS diagram

Q3OptionalEvaluate25 marks

Evaluate, with the use of an appropriate diagram(s), whether achieving full employment will benefit an economy.

TopicMeasuring economic performance

Question paper p.8 Mark scheme p.26 Examiner report p.2 Open in the tool Draw it: AD/AS diagram

Section C

Q4OptionalEvaluate25 marks

Evaluate whether a very uneven distribution of income will result in a country having a low HDI value.

Mark splitKnowledge 6Application 6Analysis 6Evaluation 7

TopicGrowth and development

Question paper p.12 Mark scheme p.29 Examiner report p.2 Open in the tool

Q5OptionalEvaluate25 marks

Evaluate whether the UK government should increase trade restrictions on the BRICS.

Question paper p.12 Mark scheme p.32 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

What is the future for Bolivia?

Section B

Section C

Other years of OCR A-level Paper 2

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