WORKS EXAM QUESTION PAPER
(AUTHENTIC MARKING SCHEME ATTACHED)
GCSE
ECONOMICS
Paper 2 How the Economy
A
Works
Time allowed: 1 hour 45 minutes
Materials
For Examiner’s Use
You will need no other
materials. You may use a Sectio Mark
calculator. n
A
Instructions B
Use black ink or black ball-point pen.
Fill in the boxes at the top of this page. TOTAL
Answer all questions.
You must answer the questions in the spaces provided. Do not
write on blank pages.
If you need extra space for your answer(s), use the lined pages at the end of this
book. Write the question number against your answer(s).
Do all rough work in this book. Cross through any work you do not want to be marked.
Information
The marks for questions are shown in brackets.
The maximum mark for this paper is 80.
Questions should be answered in continuous prose. You will be assessed on your ability to:
– use good English
– organise information clearly
– use specialist vocabulary where appropriate.
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Section A box
Answer all questions in the spaces
provided.
For questions with four responses, only one answer per question is allowed.
For each question, completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now
wish to select as shown.
0 1 Fiscal policy would involve changes in which of the following?
[1 mark]
A Exchange rate
B Interest rate
C Money supply
D Tax revenue
0 2 Which of the following is an indirect tax?
[1 mark]
A Corporation tax
B Income tax
C National insurance contributions
D Value added tax
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0 3 A balance of trade deficit is best described as which of the following? box
[1 mark]
A Value of exports is higher than the value of imports
Value of government spending is higher than the value of
B
revenue from taxation
C Value of imports is higher than the value of exports
Value of revenue from taxation is higher than the value of
D
government spending
0 4 Which of the following best describes the type of unemployment caused by
interest rates and tax rates remaining high for a long period of time?
[1 mark]
A Cyclical
B Frictional
C Seasonal
D Structural
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question
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