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.
Turkey imported $220 million worth of goods and services. Turkey exported $12 million worth of goods and services during the same period. Its net i...
The table shows the exchange rate for national currencies per US dollar. [Table 30.1] Which currency has the smallest percentage appreciation again...
Can economic growth in Chile reduce income and wealth inequality? Chile is the world's biggest copper producer with 28% of global copper production...
EITHER With the help of a diagram(s), briefly explain how the cause of a movement along the demand curve differs from the cause of a shift in the d...
OR With the help of a production possibility curve (PPC) diagram(s), explain the difference between constant and increasing opportunity costs and c...
EITHER Explain two methods of measuring unemployment and consider the extent of the possible difficulties in obtaining an accurate measurement of u...
OR With the help of examples, explain the difference between the marginal rate of taxation and the average rate of taxation and consider whether a ...
What is an example of a normative statement?
A public good must both be non-rivalrous in consumption and have the characteristic of non-excludability. Which situation meets both of these condi...
What is not a characteristic of a planned economy?
A student chooses to study for a degree in engineering at university rather than take a job working as an apprentice engineer. The apprenticeship l...
The diagram shows a production possibility curve (PPC) for a country that produces two goods, X and Y. The initial PPC is given by ST. [Figure 5.1]...
The diagram shows a market supply curve (S). [Figure 7.1] What is measured on the X-axis and the Y-axis?
The diagram shows the demand curve for a product. [Figure 8.1] What is the price at which the price elasticity of demand is unit elastic?
Public transport in an economy has an income elasticity of demand of –0.36. What does this mean about public transport?
Which type of good is most suitable for a successful buffer stock scheme?
The demand for electric vehicle batteries is derived from the demand for electric vehicles. To tackle climate change, a government subsidises produ...
The diagram shows the market for a demerit good. The initial equilibrium is at point X. [Figure 12.1] What will be the new equilibrium if the gover...
To improve the health of people, a government puts a tax on the sale of drinks that contain sugar. What are the likely effects of this tax on both ...
The income Gini coefficient of a country changes from 0.29 to 0.33 over time. What might explain this change?
What is an example of an injection into the circular flow of income in an open economy?
The diagram shows the AD and AS curves for a country. The equilibrium level of national income is Y₁ and the general price level is P₁. [Figure 16....
The diagram shows aggregate demand and aggregate supply curves for an economy. [Figure 17.1] What would cause a change in the aggregate demand from...
A government reduces the benefits that it pays to unemployed workers to increase the incentive to work. Which types of macroeconomic policies are b...
A central bank is asked by the government to help achieve price stability. If inflation rises steeply, which policy will not be directly within the...
What is not a likely reason for a government having the objective of economic growth?
What is the effect of an increase in the money supply on the interest rate and the aggregate demand (AD) curve?
A country has a target rate of inflation of 2.5% and has recently experienced the actual rate rising to 6%, with unemployment falling to very low l...
What is the most likely reason for a government to introduce a progressive tax?
What is the least likely consequence of rapid economic growth?
A country with a floating exchange rate has a large deficit on the current account of the balance of payments. What is most likely to decrease as a...
Between June and the end of July 2016, the UK pound sterling depreciated by 11% against a basket of currencies of the UK's major trading partners. ...
What is the effect of a cut in a country's income tax rates on its exports and imports?
The diagram shows the effect of a government removing the tariff on imports of rice into its country. [Figure 30.1] How would the removal of this t...
A business has a good reputation. The owner wishes to include goodwill in the financial statements. An accountant advises against it. Which account...
Why is depreciation provided on non-current assets?
The following information relates to the disposal of a non-current asset. $ profit on disposal 5200 cost of non-current asset sold 14400 sales proc...
Omar wishes to become a trader. He decides to buy an existing business in a good location. He pays more for the business than its net asset value. ...
A sales ledger control account was prepared. An irrecoverable debt of $40 was omitted and a discount allowed of $68 was entered as $86. What was th...
The trial balance totals are as follows: debit $500 150 credit $500 000 Which error could have caused the difference?
A business maintains a provision for doubtful debts of 5% per annum. It has trade receivables balances of $560000 at the start and $468000 at the e...
The statement of the financial position of a company shows the following: $ tangible non-current assets 20 600 intangible non-current assets 5700 t...
An inexperienced bookkeeper calculated a draft profit for the year ended 31 December 2015 of $578 500. He had not accounted for the following: 1 Ja...
A computer used for demonstration to customers was treated as capital expenditure. At the end of the year a customer purchased the computer in the ...
A business makes up its financial statements to 30 April each year. Included in the ledger account balances on 1 May 2014 was insurance (debit) $80...
The statements of financial position of Goh's business showed the following: 30 June 2014 30 June 2015 net assets $152000 $184000 During the year e...
P joined the partnership of G and H. He brought into the business the following assets. non-current assets cost $25000, valued at $38000 inventory ...
X and Y have capital accounts of $50000 each and share profits equally. They plan to admit Z into partnership. The new profit sharing ratio will be...
David and Jane have been business partners for several years, sharing profits in the ratio of 2:1. Jane now wishes to retire. Her capital account a...
Which is not an appropriation of partnership profit?