GCE Economics EC2 1132-01
WJEC 2014 Online Exam Review GCE Economics EC2 1132-01 All Candidates' performance across questions
Question Title 1.1 1.2 1.3 1.4 1.5 1.6 2 3 4 5 6 7
N 1609 1620 1611 1613 1566 1597 781 345 554 458 760 419
Mean 3 3.3 3.8 4.1 3.6 4.2 9 8.6 8.2 10.1 12.7 10.9
SD 0.9 0.8 1.8 1.9 2.4 2.6 4 3.9 3.9 4.4 4.1 4.3
Max Mark 4 4 6 8 8 10 20 20 20 20 20 20
FF 76.1 82.7 63.1 50.8 45.1 42.4 44.9 43 40.9 50.7 63.3 54.6
Attempt % 99.1 99.8 99.2 99.3 96.4 98.3 48.1 21.2 34.1 28.2 46.8 25.8
Question
GCE Economics EC2 1132-01 7 6 5 4 3 2 1.6 1.5 1.4 1.3 1.2 1.1
54.6 40.9 43 44.9 42.4 45.1
50.7
50.8
63.3
63.1 76.1
0
10
20
30
40
50
60
Facility Factor %
70
82.7 80
90
100
1.6 2
7
3 Figure 2 US Trade deficit by Year
$ Billions 800
709
700
698 564
400
377
300
417
554
500
491
500
381
362
263
200
166 104
108
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
113 2 010 0 03
0
697
605
600
100
753
1
6
Discuss whether “spending less on defence and more on both improving America’s crumbling infrastructure and boosting spending on education and training” (lines 15-16) will be enough to reduce the US trade deficit. [10]
© WJEC CBAC Ltd.
(1132-01)
Turn over.
4 SECTION B Answer one question from this section.
2. ‘LIVING WAGE’ £7.65 PER HOUR OUTSIDE LONDON 2
1
Explain why the equilibrium wage rate for some jobs is below the national minimum wage. [8]
© WJEC CBAC Ltd.
(1132-01)
5 SECTION C Answer one question from this section.
7.
POUND SET TO FALL AS TRADE DEFICIT WIDENS
[8] 7
2
Discuss whether a sharp fall in the value of the pound will be beneficial for the UK economy. [12]
© WJEC CBAC Ltd.
(1132-01)
Question Title 1.1 1.2 1.3 1.4 1.5 1.6 2 3 4 5 6 7
N 1609 1620 1611 1613 1566 1597 781 345 554 458 760 419
Mean 3 3.3 3.8 4.1 3.6 4.2 9 8.6 8.2 10.1 12.7 10.9
SD 0.9 0.8 1.8 1.9 2.4 2.6 4 3.9 3.9 4.4 4.1 4.3
Max Mark 4 4 6 8 8 10 20 20 20 20 20 20
FF 76.1 82.7 63.1 50.8 45.1 42.4 44.9 43 40.9 50.7 63.3 54.6
Attempt % 99.1 99.8 99.2 99.3 96.4 98.3 48.1 21.2 34.1 28.2 46.8 25.8
Question
GCE Economics EC2 1132-01 7 6 5 4 3 2 1.6 1.5 1.4 1.3 1.2 1.1
54.6 40.9 43 44.9 42.4 45.1
50.7
50.8
63.3
63.1 76.1
0
10
20
30
40
50
60
Facility Factor %
70
82.7 80
90
100
1.6 2
7
3 Figure 2 US Trade deficit by Year
$ Billions 800
709
700
698 564
400
377
300
417
554
500
491
500
381
362
263
200
166 104
108
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
113 2 010 0 03
0
697
605
600
100
753
1
6
Discuss whether “spending less on defence and more on both improving America’s crumbling infrastructure and boosting spending on education and training” (lines 15-16) will be enough to reduce the US trade deficit. [10]
© WJEC CBAC Ltd.
(1132-01)
Turn over.
4 SECTION B Answer one question from this section.
2. ‘LIVING WAGE’ £7.65 PER HOUR OUTSIDE LONDON 2
1
Explain why the equilibrium wage rate for some jobs is below the national minimum wage. [8]
© WJEC CBAC Ltd.
(1132-01)
5 SECTION C Answer one question from this section.
7.
POUND SET TO FALL AS TRADE DEFICIT WIDENS
[8] 7
2
Discuss whether a sharp fall in the value of the pound will be beneficial for the UK economy. [12]
© WJEC CBAC Ltd.
(1132-01)
