OCR · Macroeconomics · Measuring economic performance

OCR Economics past paper questions: Measuring economic performance

Every OCR question on Measuring economic performance from 2021 to 2025: 5 essays, 10 data response questions, 7 short answer questions and 27 multiple choice questions. It covers Macroeconomic objectives and policy, The labour market, Demand, supply and elasticity, International trade and exchange rates and Economic growth and the economic cycle. Each question links to its paper, mark scheme and examiner report.

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SubtopicsMacroeconomic objectives and policy 6The labour market 5Demand, supply and elasticity 4International trade and exchange rates 4Economic growth and the economic cycle 3Aggregate supply 3Aggregate demand 3National income and the circular flow 1Poverty and inequality 1The financial sector 1Government intervention in markets 1

Essay questions on measuring economic performance

A-level Paper 1, June 2025, Q3OptionalEvaluate25 marks

Evaluate, using an appropriate diagram(s), the extent to which a rise in the price of oil will always lead to a rise in the price of goods and services sold in UK supermarkets.

Question paper p.10 Mark scheme p.19 Examiner report p.2 Open in the tool Draw it: supply and demand diagram

A-level Paper 2, June 2025, 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.

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

A-level Paper 2, June 2025, Q3OptionalEvaluate25 marks

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

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

AS Paper 2, June 2024, Q17OptionalEvaluate20 marks

Evaluate, using an appropriate diagram(s), whether government spending to keep unemployment low will conflict with objectives a government may have for inflation.

Question paper p.14 Mark scheme p.22 Examiner report p.2 Open in the tool Draw it: AD/AS diagram Or: Phillips curve diagram

A-level Paper 2, June 2023, 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.

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

Data response questions on measuring economic performance

A-level Paper 2, June 2025, Q1(d)4 marks

Case study: What is the future for Bolivia?

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

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

A-level Paper 1, June 2024, Q1(a)Explain2 marks

Case study: Is the UK housing market in crisis?

Explain what is meant by 'competitive supply'.

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

A-level Paper 1, June 2024, Q1(b)Explain4 marks

Case study: Is the UK housing market in crisis?

Explain, using an appropriate diagram, the situation in the housing market described in lines 1–3.

Question paper p.4 Mark scheme p.11 Examiner report p.2 Open in the tool Draw it: supply and demand diagram

A-level Paper 1, June 2024, Q1(c)(i)2 marks

Case study: Is the UK housing market in crisis?

Refer to Fig. 1. Calculate the percentage change in average house prices between August 2020 and August 2021.

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

A-level Paper 1, June 2024, Q1(c)(ii)2 marks

Case study: Is the UK housing market in crisis?

Compare the trend in average house prices and rental prices between 2015 and 2021.

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

A-level Paper 2, June 2024, Q1(c)Explain3 marks

Case study: Changing economic conditions in Kenya

Explain if the relationship in Fig. 1 between IDA assistance per capita and GDP per capita is the expected one.

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

A-level Paper 2, June 2023, Q1(d)4 marks

Case study: International competitiveness

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

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

A-level Paper 2, June 2023, Q1(f)12 marks

Case study: International competitiveness

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.

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

A-level Paper 2, June 2022, Q1(d)2 marks

Case study: Does rising national debt matter?

Using information from the stimulus material, calculate the UK's 12 month inflation rate in January 2020.

Question paper p.5 Mark scheme p.11 Examiner report p.2 Open in the tool

A-level Paper 2, June 2022, Q1(e)8 marks

Case study: Does rising national debt matter?

Using information from the stimulus material, evaluate whether setting an inflation rate target is likely to result in low and stable inflation.

Question paper p.6 Mark scheme p.11 Examiner report p.2 Open in the tool Practise the AD/AS diagram

Short answer questions on measuring economic performance

AS Paper 2, June 2025, Q16(a)2 marks

Using Fig. 1, describe the difference in the inflation rate between the UK and USA in January 2023.

Question paper p.10 Mark scheme p.15 Examiner report p.2 Open in the tool

The UK government is concerned that "...large pay rises could push inflation higher". Lines 25–26. Using a diagram, explain how pay rises could push inflation higher.

Question paper p.11 Mark scheme p.17 Examiner report p.2 Open in the tool Draw it: AD/AS diagram

AS Paper 2, June 2025, Q16(e)Evaluate10 marks

Evaluate whether increases in UK inflation harm UK farmers.

Question paper p.12 Mark scheme p.19 Examiner report p.2 Open in the tool

A-level Paper 3, June 2024, Q343 marks

Using the data in Fig. 2.1, compare the annual inflation rate in August 2022 to the annual inflation rate in August 2019.

Question paper p.21 Mark scheme p.24 Examiner report p.3 Open in the tool

AS Paper 2, June 2024, Q16(e)Evaluate10 marks

Evaluate the effect the increase in unemployment in November 2020 to January 2021 from the same period the year before, is likely to have had on the UK economy.

Question paper p.12 Mark scheme p.19 Examiner report p.2 Open in the tool

AS Paper 2, June 2022, Q16(a)(i)2 marks

Using Fig. 1, explain how the unemployment rate changed in Japan between 2015 and 2020.

Question paper p.8 Mark scheme p.23 Open in the tool

A-level Paper 3, October 2021, Q353 marks

Using the data in Fig. 3.1, calculate the growth rate in GDP per capita in Brazil between 2000 and 2019.

Question paper p.23 Mark scheme p.19 Open in the tool

Multiple choice questions

A-level Paper 3, June 2025, Q17
What could have caused the shift in the long run Phillips curve in the diagram? LRPC1 LRPC Inflation % O Unemployment %
A-level Paper 3, June 2025, Q20
What is a consequence of an economy operating with the output gap shown in the diagram? Price level SRAS AD O Yfe Y1 Real GDP
A-level Paper 3, June 2025, Q28
In 2021, the population of Argentina was 45 million and GDP was $485 billion. In 2022, the population increased by 1% and GDP rose to $499.95 billion. What was the increase in the GDP per capita from 2021 to 2022? Round to the nearest…
AS Paper 2, June 2025, Q1
What might cause a fall in unemployment?
AS Paper 2, June 2025, Q6
The table shows the percentage change in real GDP during the year ending Quarter 1 2022. Change in real GDP (%) UK 10.6 USA 3.7 Japan 0.6 Germany 3.5 France 4.8 Eurozone 5.5 G7 4.0 OECD 4.6 Which statement is true?
AS Paper 2, June 2025, Q13
The diagram shows the trade balance in goods and services for the UK. £bn –10 –20 –30 –40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 What can be concluded about the trade balance?
A-level Paper 3, June 2024, Q14
The Fisher equation of exchange shows the relationship between: Money supply (M), Price level (P), Velocity of circulation (V) and National income (Y). Which of these is the correct equation?
AS Paper 2, June 2024, Q6
In 2022, a basket of goods and services cost £1350. In 2023, the same basket cost £1674. What is the value of the price index for 2023 based on 2022 being the base year? A B C 124 D 193
AS Paper 2, June 2024, Q10
Which group will be part of the labour force survey measure of unemployment?
AS Paper 2, June 2024, Q11
The diagram shows an increase in aggregate demand from AD1 to AD2. Price level LRAS AD2 AD1 Yfe Output What impact will this have on the economy?
AS Paper 2, June 2024, Q15
The table shows the nominal GDP for a country. Year Nominal GDP (£m) 2021 160 000 2022 220 000 The price index was 110 in 2022 (2021 = 100). What is the country's real growth rate from 2021 to 2022 (to the nearest whole number)?
A-level Paper 3, June 2023, Q1
What would a shift in the long run aggregate supply curve to the right be most likely to cause?
A-level Paper 3, June 2023, Q18
What is the key insight from the Fisher equation using the quantity theory of money?
A-level Paper 3, June 2023, Q24
A-level Paper 3, June 2023, Q25
An individual recently lost their full-time job as an architect earning £60 000 a year. They are seeking a similar job whilst temporarily on a zero hours contract at a distribution centre, where their hours have ranged from 4 to 18 hours a…
A-level Paper 3, June 2023, Q27
The European Central Bank aims to keep the price level in the Eurozone rising at a rate of below but close to 2% a year. What is this an example of?
AS Paper 2, June 2023, Q6
What is included in the calculation of RPI inflation but excluded from the calculation of CPI inflation?
AS Paper 2, June 2023, Q9
Which of these is a method to calculate a country's gross domestic product?
AS Paper 2, June 2023, Q13
The table shows the nominal GDP for a country. Year Nominal GDP (£m) 2020 200 000 2021 300 000 Between 2020 and 2021 the rate of inflation was 5%. The population of the country was 10 million in 2020 and increased by 8% in 2021. What is…
A-level Paper 3, June 2022, Q2
If real GDP in 2019 was $482bn and $476bn in 2020, what was the rate of economic growth in 2020?
A-level Paper 3, June 2022, Q21
Who is most likely to be categorised as being unemployed?
A-level Paper 3, June 2022, Q25
An economy is producing at Y1, P1. What is happening at this point? Price LRAS level SRAS P1 AD 0 Y1 Real GDP
AS Paper 2, June 2022, Q8
Which of the following is most likely to occur in the boom phase of the economic cycle?
AS Paper 2, June 2022, Q13
For a country, the CPI was 108 in 2018 and 120 in 2019. What was the inflation rate, to the nearest whole number, as measured by CPI in 2019?
AS Paper 2, June 2022, Q15
The table shows the nominal GDP for a country. Year Nominal GDP (£m) 2019 1500 2020 1800 2021 2000 Between 2019 and 2020 the rate of inflation was 3%. What was the country's real GDP in 2020, at 2019 prices (to the nearest pound)?
A-level Paper 3, October 2021, Q11
In 2019 the price level in Nigeria increased by 11.4%, compared to a 12.1% increase in prices in 2018. What does this represent?
A-level Paper 3, October 2021, Q30
Which of the diagrams below illustrates the most likely impact of the end of free movement of labour in the EU on a member state that has net emigration to the EU?

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.

Essay questions on measuring economic performance

Data response questions on measuring economic performance

Short answer questions on measuring economic performance

Multiple choice questions

More OCR topics: Macroeconomics