Edexcel A Level Economics A Paper 2: The national and global economy June 2017 question paper 9EC0/02

Which one of the following types of unemployment best explains the change in the data between 2008 and 2010?

Explain the likely effects on the circular flow of income of the change in unemployment between 2013 and 2015.

The table below shows marginal propensity to save data for an economy.

Explain one possible reason for the changes in the marginal propensity to save as shown in the table.

Explain the likely effect of a fall in the marginal propensity to save on the value of the multiplier if other things remain equal.

An economy has marginal propensity to save of 0.1, marginal propensity to tax of 0.2 and marginal propensity to import of 0.1.

Which one of the following is the correct size of the multiplier?

A 0.4

B 0.6

C 1.7

D 2.5

Which one of the following statements is correct about the UK’s inflation record between September 2011 and January 2013?

Based on the data shown, the UK experienced:

With reference to the data provided, explain the process of calculating the rate of inflation in the UK using the Consumer Prices Index. Refer to the concept of weights in your answer.

Explain one likely reason for the change in UK income inequality since 2007.

Which one of the following values for the Gini coefficient is correct if there is perfect income equality?

B 0.5

The table shows the selected economic data in 2014 for Vietnam and India.

(Source: www.hdr.undp.org/en/composite/HDI)

With reference to the data provided, explain two limitations of using the HDI to compare levels of development between countries and over time.

With reference to Figure 1, calculate the percentage change in the value of the euro in pounds from the start of 2009 to the start of 2015.

With reference to the information provided and your own knowledge, examine two factors which might explain the change in the rate of Eurozone inflation as shown in Figure 2.

Since mid-2015 the euro has appreciated. Assess the likely impact of an appreciation of the euro on the current account of the balance of payments for Eurozone countries.

Discuss the likely success of the ECB’s quantitative easing programme in moving Eurozone inflation closer to ‘the central bank’s ceiling of 2%’ (Extract A, line 17).

Discuss ‘looser fiscal policy’ and ‘supply-side reforms’ (Extract A, lines 20 and 21) that may be used by governments of Eurozone countries to increase economic growth.

Since the global financial crisis of 2008 there have been over 5 700 increases in tariffs, quotas and administrative controls on international trade.

Evaluate the likely effects of an increase in protectionism on the economy of a developing country of your choice.