GCE Economics EC1 1131-01
WJEC 2014 Online Exam Review GCE Economics EC1 1131-01 All Candidates' performance across questions
Question Title 1 2 3 4 5 6 7 8 9
N 1670 1668 1667 1668 1671 1670 1667 1651 1652
Mean 2.8 2.5 2 2.1 6.6 3 5 4.2 2.9
SD 1.6 0.9 1.4 0.9 2.5 1.1 1.8 1.9 1.4
Max Mark 5 3 4 3 10 4 8 8 5
FF 55.7 82.6 50.2 70.7 66.2 74.9 62 52.6 58.9
Attempt % 99.8 99.6 99.6 99.6 99.8 99.8 99.6 98.6 98.7
Question
GCE Economics EC1 1131-01 9 8 7 6 5 4 3 2 1
58.9 52.6 62 74.9 66.2 70.7 50.2 82.6 55.7 0
10
20
30
40
50
60
Facility Factor %
70
80
90
100
1
8 9
3 Examiner only
1 (b) Explain why the data shown in figure 2 might lead to higher economic growth in China.
[4]
113 1 010 0 03
5
3
© WJEC CBAC Ltd.
(1131-01)
Turn over.
Date Generated: 22/07/2014 12:38
Date Generated: 22/07/2014 12:38
Date Generated: 22/07/2014 12:37
Date Generated: 22/07/2014 12:37
10 8.
JOBCENTRE REPORTS 2,000 JOBS ON OFFER IN HULL, BUT NO TAKERS Jobseekers and employers are being urged to be less choosy as new figures show more than 2,000 vacancies are going unfilled in Hull. The city has some of the highest rates of unemployment in the country, with 8.3 per cent of the population claiming jobseeker’s allowance, more than double the national average of 3.8 per cent. Source: Hull Mail, 13th November 2012
UK’s top 10 most difficult jobs to fill in 2011 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Engineers Chefs/cooks Management/executive Sales representatives Drivers Technicians Skilled trades Teachers Accounting and finance staff IT staff Source: Daily Telegraph, 19th May 2011
How effective might supply side policies be in solving the economic problems identified in the data? [8]
© WJEC CBAC Ltd.
(1131-01)
Examiner only
12 9.
The diagram below shows a £5 tariff being imposed on an imported product with a world price of £15.
Examiner only
£ S
£20
Sw+t
£15
Sw
D 0
50 m
100 m
220 m 260 m
Quantity (millions)
(a) By how much will imports fall as a result of the tariff?
[1]
(b) What will be the government’s revenue as a result of the tariff?
[1]
(c) With reference to the diagram, explain how domestic producers might benefit from the imposition of tariffs. [3]
END OF PAPER 5
© WJEC CBAC Ltd.
(1131-01)
Question Title 1 2 3 4 5 6 7 8 9
N 1670 1668 1667 1668 1671 1670 1667 1651 1652
Mean 2.8 2.5 2 2.1 6.6 3 5 4.2 2.9
SD 1.6 0.9 1.4 0.9 2.5 1.1 1.8 1.9 1.4
Max Mark 5 3 4 3 10 4 8 8 5
FF 55.7 82.6 50.2 70.7 66.2 74.9 62 52.6 58.9
Attempt % 99.8 99.6 99.6 99.6 99.8 99.8 99.6 98.6 98.7
Question
GCE Economics EC1 1131-01 9 8 7 6 5 4 3 2 1
58.9 52.6 62 74.9 66.2 70.7 50.2 82.6 55.7 0
10
20
30
40
50
60
Facility Factor %
70
80
90
100
1
8 9
3 Examiner only
1 (b) Explain why the data shown in figure 2 might lead to higher economic growth in China.
[4]
113 1 010 0 03
5
3
© WJEC CBAC Ltd.
(1131-01)
Turn over.
Date Generated: 22/07/2014 12:38
Date Generated: 22/07/2014 12:38
Date Generated: 22/07/2014 12:37
Date Generated: 22/07/2014 12:37
10 8.
JOBCENTRE REPORTS 2,000 JOBS ON OFFER IN HULL, BUT NO TAKERS Jobseekers and employers are being urged to be less choosy as new figures show more than 2,000 vacancies are going unfilled in Hull. The city has some of the highest rates of unemployment in the country, with 8.3 per cent of the population claiming jobseeker’s allowance, more than double the national average of 3.8 per cent. Source: Hull Mail, 13th November 2012
UK’s top 10 most difficult jobs to fill in 2011 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Engineers Chefs/cooks Management/executive Sales representatives Drivers Technicians Skilled trades Teachers Accounting and finance staff IT staff Source: Daily Telegraph, 19th May 2011
How effective might supply side policies be in solving the economic problems identified in the data? [8]
© WJEC CBAC Ltd.
(1131-01)
Examiner only
12 9.
The diagram below shows a £5 tariff being imposed on an imported product with a world price of £15.
Examiner only
£ S
£20
Sw+t
£15
Sw
D 0
50 m
100 m
220 m 260 m
Quantity (millions)
(a) By how much will imports fall as a result of the tariff?
[1]
(b) What will be the government’s revenue as a result of the tariff?
[1]
(c) With reference to the diagram, explain how domestic producers might benefit from the imposition of tariffs. [3]
END OF PAPER 5
© WJEC CBAC Ltd.
(1131-01)
