Cambridge & Pearson Edexcel Past Paper Questions
Browse 35,704 questions from Cambridge O-Level & A-Level and Pearson Edexcel IGCSE & IAL exams. Click any question to practice.
What is involved in the construction of a Retail Price Index?
Why is nominal Gross Domestic Product not a good measure to compare the standard of living in a country between two years?
In 2010 there was an increase in net emigration from Ireland. What is most likely to have caused this increase?
Some goods take a greater percentage of a typical household's total spending than others. How is this accounted for in the construction of a Retail...
Which outcome is least likely to be found with greater economic development?
A government introduces state benefits for the unemployed and increases the top rate of income tax to pay for the benefits. What effect will these ...
The chart shows total world carbon emissions in 1995 and predicted emissions by 2035. [Figure 26.1] If the chart proves to be correct, what will ha...
What encourages international specialisation?
A Japanese car manufacturer decided to produce its cars in a factory in Europe. What would not be a reason why they might have chosen to do this?
The table shows components of Japan's current account balance in trillion Yen for 2011 and 2012. Which balance improved between 2011 and 2012?
The Mints Mexico, Indonesia, Nigeria and Turkey, known as the Mints, are four emerging economies that are predicted to grow rapidly. The four count...
There are a number of competing producers of jeans. These firms are now also facing competition from new sportswear designed to also be worn as lei...
In recent years productivity growth has been low in Brazil, which has kept average costs relatively high. Some economists claim this low growth in ...
Household debt in South Korea in 2014 was reaching record levels. People were borrowing more and saving less: the savings ratio fell from 19% in 19...
The unemployment rate in Wales fell from 8.2% in March 2013 to 6.8% in March 2014. One in four workers in Wales is employed in the public sector. A...
The largest Indonesian aviation firm is a public corporation that started production in 1976. It employs a relatively high value of capital goods a...
Tax revenue from both direct and indirect taxes in Germany rose to US$860 billion in 2013. The increase was largely due to a fall in unemployment. ...
Economists refer to factors of production. Which is not a factor of production?
A government allowed a building company to construct new houses which destroyed an area designated as an area of natural beauty. Which concepts can...
The diagram shows a production possibility curve. The country is using all its resources to produce both manufactured goods and services. [Figure 3...
What is the government most likely to produce in a mixed economy?
Which of the effects of economic development is an external cost?
The table illustrates the demand and supply for coffee in a market in Africa. [Table 6.1] When the price rises from $20 to $30 per kg, what is the ...
It was reported that the supply of oil would be affected by the discovery of new oil fields and demand would be affected by rapid global economic g...
What is likely to decrease the level of saving in an economy?
Which change will make a manufacturing company replace machines with labour to maintain the most efficient combination of factors of production?
Although there are higher paid jobs in offices many workers stay in low-paid jobs on farms. What might explain this in developing economies?
The diagram shows two curves. One is the demand for labour, the other is the supply of labour. A government fixes a minimum wage (Mw) that must be ...
Which is an internal diseconomy of scale?
What distinguishes a multinational company from other types of company?
The table shows the variable costs of a firm. It can sell the units for $5 each. Its fixed costs are $10. [Table 15.1] How many units will the firm...
What, when increased, will help a government to reduce the rate of inflation?
The government introduces a new tax. It adds $1 to the price of every $10 good and $2 to the price of every $20 good. What can be concluded about t...
The graph shows the percentage of income paid in taxation. Which line represents a proportional tax? [Figure 18.1]
A worker earns $40000 a year and pays 20% income tax. He spends $5000 on electrical goods and $10000 on a car, and pays 20% sales tax on each. How ...
Why is the Human Development Index (HDI) often considered to be better than Gross Domestic Product (GDP) per head as a measure of living standards?
A finance minister reported that the economy was experiencing inflation and economic growth. What would be evidence that both of these had occurred?
The diagrams show percentage employment in different sectors in two countries. [Figure 22.1] Which statement is correct when comparing country X an...
What would be a cause of cost-push inflationary pressure in an industry which supplies mobile (cell) phones?
What is most likely to cause an increase in the population growth of a developing country?
The charts show the population structure of a country in 1960 and 2015. [Figure 25.1] What decreased between 1960 and 2015?
At the start of the year a developing country had a population of 1000000, its birth rate was 16.0 per thousand per annum and its death rate was 8....
What is a benefit of tariffs?
Which name is given to the external value of a currency in terms of another currency?
It was reported in 2011 that the United States (US) needed to achieve a lower current account deficit. What would help this in the short run?
The table shows the number of units of foreign currency that the UK pound (UK£) could buy in August 2012 and August 2013. [Table 30.1] What can be ...
From inflation to deflation For some time, many central banks have tried to achieve a target inflation rate of about 2%. A small and steady rise in...
Singapore is usually ranked as one of the best countries in which to do business. It is an open economy engaging in free trade. It has a history of...
Rich people in some countries are now working for more hours on average than poor people. One reason for this is thought to be that well-paid jobs ...
In Pakistan there is a limited choice of cars to buy. The country has a population of approximately 190 million but only about 120000 cars a year a...