Edexcel A Level Economics A Paper 3: Microeconomics and macroeconomics November 2020 question paper 9EC0/03

Explain how the Turkish central bank intervenes in the currency market to prevent ‘excessive appreciation or depreciation of the Turkish lira’ (Extract A, lines 7–8).

Examine two reasons why the Turkish government may want to avoid a significant fall in the exchange rate of the Turkish lira.

Discuss the likely success of policies to reduce the consumption of single‑use plastic bags in cities such as Istanbul.

EITHER

Evaluate the likely microeconomic and macroeconomic effects of a rise in interest rates in Turkey.

Evaluate the microeconomic and macroeconomic impact of large infrastructure projects such as the building of a third airport in Istanbul.

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With specific reference to Figure 3, explain why productivity is measured by ‘GDP per hour worked, nominal values at PPPs’.

Apart from literacy and numeracy skills in young workers, examine one reason for the trend in productivity in the UK, over the period shown in Figure 4.

Discuss factors that are causing many high street retailers in the UK to close some branches or shut down completely. Use a cost and revenue diagram to support your answer.

EITHER

Evaluate possible microeconomic and macroeconomic policies which could be used to improve UK competitiveness.

Evaluate the microeconomic and macroeconomic effects of a decline in the literacy and numeracy skills of a country’s young workers.

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