Paper 2: Macroeconomics · H460/02

OCR A-level Paper 2, October 2021

All 10 written questions from OCR A-level Paper 2 (October 2021), Macroeconomics. Case studies: Are we moving towards a cashless society?. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme

Autumn series, sat in October 2021 after the summer 2021 exams were cancelled.

Section A

Case study

Are we moving towards a cashless society?

In the extracts: Bank of England, Negative, ECB, Denmark National Bank, European Central Bank, Swiss National Bank, Bank of Japan, Switzerland, Consumer, Changes

Q1(a)2 marks

Using information from the stimulus material, identify two stages of the economic cycle. 1 2

TopicEconomic growth and the economic cycle

Question paper p.4 Mark scheme p.4 Open in the tool

Q1(b)2 marks

Using Fig. 1, explain the relationship between changes in consumer expenditure and changes in income.

TopicNational income and the circular flowEconomic growth and the economic cycleAggregate demand

Question paper p.4 Mark scheme p.4 Open in the tool

Q1(c)Calculate2 marks

Calculate Switzerland's marginal propensity to withdraw.

TopicAggregate demand

Question paper p.4 Mark scheme p.4 Open in the tool

Q1(d)4 marks

Using Fig. 3, explain what is likely to have happened to UK share prices at the start and the end of the period shown.

TopicThe financial sector

Question paper p.5 Mark scheme p.4 Open in the tool

Q1(e)8 marks

Using information from the stimulus material, evaluate whether a recession will increase the number of people unemployed.

TopicEconomic growth and the economic cycleMeasuring economic performance

Question paper p.5 Mark scheme p.5 Open in the tool Practise the AD/AS diagram Practise the economic cycle diagram

Q1(f)12 marks

Using information from the stimulus material, evaluate whether a negative interest rate would help the government achieve its macroeconomic objectives.

TopicMacroeconomic objectives and policy

Question paper p.6 Mark scheme p.8 Open in the tool Practise the AD/AS diagram

Section B

Q2OptionalEvaluate25 marks

Evaluate, with the use of an appropriate diagram(s), whether a government should always seek to reduce an output gap.

TopicNational income and the circular flow

Question paper p.8 Mark scheme p.11 Open in the tool Draw it: economic cycle diagram Or: AD/AS diagram

Q3OptionalEvaluate25 marks

Evaluate, with the use of an appropriate diagram(s), whether a fall in the compulsory school starting age will benefit an economy.

Question paper p.8 Mark scheme p.16 Open in the tool Draw it: AD/AS diagram Or: PPF diagram

Section C

Q4OptionalEvaluate25 marks

Evaluate whether the UK would benefit from a reduction in the deficit on the current account of the balance of payments.

TopicInternational trade and exchange ratesMeasuring economic performance

Question paper p.16 Mark scheme p.20 Open in the tool

Q5OptionalEvaluate25 marks

Evaluate whether a country with a high HDI is likely to have a low rate of poverty.

TopicGrowth and development

Question paper p.16 Mark scheme p.24 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

Are we moving towards a cashless society?

Section B

Section C

Other years of OCR A-level Paper 2

Topics on this paper