Economics > Edexcel > Edexcel a level economics a question paper 2 june 2023 + mark scheme (All)

Edexcel a level economics a question paper 2 june 2023 + mark scheme

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Mark Scheme (Results) Summer 2023 Pearson Edexcel GCE In Economics A (9EC0) Paper 02: The National and Global EconomyEdexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by... Pearson, the UK’s largest awarding body. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites at www.edexcel.com or www.btec.co.uk. Alternatively, you can get in touch with us using the details on our contact us page at www.edexcel.com/contactus. Pearson: helping people progress, everywhere Pearson aspires to be the world’s leading learning company. Our aim is to help everyone progress in their lives through education. We believe in every kind of learning, for all kinds of people, wherever they are in the world. We’ve been involved in education for over 150 years, and by working across 70 countries, in 100 languages, we have built an international reputation for our commitment to high standards and raising achievement through innovation in education. Find out more about how we can help you and your students at: www.pearson.com/uk Summer 2023 Publications Code 9EC0_02_2306_MS All the material in this publication is copyright © Pearson Education Ltd 2022General Marking Guidance • All candidates must receive the same treatment. Examiners must mark the first candidate in exactly the same way as they mark the last. • Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than penalised for omissions. • Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. • There is no ceiling on achievement. All marks on the mark scheme should be used appropriately. • All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate’s response is not worthy of credit according to the mark scheme. • Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited. • When examiners are in doubt regarding the application of the mark scheme to a candidate’s response, the team leader must be consulted. • Crossed out work should be marked UNLESS the candidate has replaced it with an alternative response.Question Number Answer Mark 1(a) Knowledge 2, Application 2 Knowledge/understanding: Correct labels on axes and curves (1) and shift of curve(s) (1) Application: Correct change in price level (1) and fall in real output (1) For example: N.B. Other AS curves are acceptable N.B. Decrease in AS also acceptable (4) Question Number Answer Mark 1(b) The only correct answer is A B is not correct because higher interest rates would lead to an increase in marginal propensity to save C is not correct because unemployment would be likely to increase as AD falls D is not correct because the pound would be likely to increase in value as a higher interest rate attracts more flows of money to the UK (1)Question Number Answer Mark 2(a) The only correct answer is B [Show More]

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