AQA GCSE Economics Paper 1 June 2022 question paper

Which of the following is a true statement about the economic sectors of the UK economy?

Which of the following would not be classed as a factor of production?

Which of the following could be a disadvantage of specialisation to a firm?

Which of the following are examples of a factor market and a product market?

Which of the following is a reason for diseconomies of scale?

Which of the following would lead to a rightwards shift of the demand curve for paint?

Which one of the following is most likely to be a fixed cost for a business?

Which of the following products has the most price inelastic supply?

Which of the following are most likely to be complementary goods?

A clothes shop records the following T-shirt sales over a 2-week period:

What is the average revenue of the clothes shop?

State two characteristics of a competitive market.

Explain one economy of scale.

Explain one factor that may lead to an increase in the equilibrium price of carpets.

A 20% increase in the price of lawnmowers leads to a fall in quantity demanded from 100 per week to 75 per week.

Calculate the price elasticity of demand for lawnmowers.

Explain one possible factor affecting the price elasticity of demand for lawnmowers.

Figure 1 – The petrol station market in the UK

Table 1 – Market shares of UK petrol stations 2020 (%)

Using Figure 1, analyse the possible consequences for consumers of the UK petrol station market being dominated by a small number of large firms.

State two factors of production.

Factor of production 1

Factor of production 2

Explain one opportunity cost a firm might face when making a decision about whether to buy a new machine.

Explain one reason why an individual’s wants may change over time.

Table 2 shows data relating to a sandwich shop which has recently opened in a city

Using Table 2, calculate the average cost of making 300 sandwiches per week.

Explain one possible business objective that the owners of the sandwich shop may have.

Draw and label the effects on equilibrium price and quantity of an increase in wage costs within a market.

Using Table 3, calculate the income after tax received by somebody in the UK earning £32 300 in 2020–2021.

Using Item A, analyse the possible causes of wage differentials.

Explain two methods the UK Government could use to reduce the inequality caused by wage differentials.

Do you think the UK Government should do more to reduce the inequality caused by wage differentials?

Use Items A and B and your own economic knowledge to justify your view.