Edexcel A Level Economics A Paper 3: Microeconomics and macroeconomics June 2023 question paper 9EC0/03

Explain the difference between a positive and a normative statement, using an example of each from Extract A.

Examine two reasons for the rise in inflation in the UK. Refer to the information provided in your answer.

Discuss the likely impact of a rise in gas prices on a firm that uses a large amount of gas in its production process. Use a cost and revenue diagram to support your answer.

EITHER

Evaluate microeconomic and macroeconomic policies that could be used to reduce inequality in the UK.

Evaluate the likely microeconomic and macroeconomic effect of tax cuts in the UK.

Write your answer here:

Using the data provided in Extract D, explain one role of financial markets.

Examine two reasons why retailers on the high street tend to remain small.

Discuss possible methods of price and non‑price competition that firms could use to increase the value of sales on the high street.

EITHER

Evaluate the microeconomic and macroeconomic effects of falling house prices.

Evaluate the microeconomic and macroeconomic effects of labour shortages in the UK, or a developed economy of your choice.

Write your answer here: