Oxford Cambridge and RSA - 2025
Thursday 22 May 2025 – Afternoon
GCSE (9–1) Economics
J205/02 National and International Economics
Time allowed: 1 hour 30 minutes
(Verified Question Paper With Mark
Scheme Combined June 2025)
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2025 OCR GCSE (9–1) Economics J205/02 National and International Economics, Exams of Economics
2025 OCR GCSE (9–1) Economics J205/02 National and International Economics Time allowed: 1 hour 30 minutes (Verified Question Paper With Mark Scheme Combined June 2025) INSTRUCTIONS •Use black ink. You can use an HB pencil, but only for graphs and diagrams. •Write your answer to each question in the space provided. If you need extra space use the lined pages at the end of this booklet. The question numbers must be clearly shown. •Answer all the questions. INFORMATION •The total mark for this paper is 80. •The marks for each question are shown in brackets [ ]. •Quality of extended response will be assessed in questions marked with an asterisk (*). •This document has 24 pages. ADVICE •Read each question carefully before you start your answer. OCR 2025 [603/0143/0] DC (DE/CT) 345085/2 OCR is an exempt Charity Turn over Section A Write your answer to each question in the box provided. 1A government increases its budget deficit.
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Oxford Cambridge and RSA - 2025
Thursday 22 May 2025 – Afternoon
GCSE (9–1) Economics
J205/02 National and International Economics
Time allowed: 1 hour 30 minutes
(Verified Question Paper With Mark
Scheme Combined June 2025)
INSTRUCTIONS
- Use black ink. You can use an HB pencil, but only for graphs and diagrams.
- Write your answer to each question in the space provided. If you need extra space use the lined pages at the end of this booklet. The question numbers must be clearly shown.
- Answer all the questions. INFORMATION
- The total mark for this paper is 80.
- The marks for each question are shown in brackets [ ].
- Quality of extended response will be assessed in questions marked with an asterisk (*).
- This document has 24 pages. ADVICE
- Read each question carefully before you start your answer. © OCR 2025 [603/0143/0] DC (DE/CT) 345085/ OCR is an exempt Charity (^) Turn over
© OCR Turn over 4 How might an increase in interest rates affect the economy? A Decrease unemployment B Improve price stability C Increase economic growth D Increase inflation Your answer [1] 5 A consumer is planning a holiday. They found a villa that cost €3480 when the exchange rate was £1 = €1.20. By the time they booked the villa the exchange rate had changed to £1 = €1.16. What happened to the Sterling price of the villa for the consumer? A Decreased by £ B Decreased by £139. C Increased by £ D Remained unchanged Your answer [1] 6 What is the most likely cost of globalisation for consumers in developed countries? A Dominant global brands B Higher prices C Increased immigration D Lower prices Your answer [1]
© OCR 7 The UK government sets an inflation target. What might happen if inflation is above this target? Interest rates will: A decrease to discourage saving B decrease to encourage more investment C increase to discourage consumer spending D increase to encourage more borrowing Your answer [1] 8 What is not a purpose of government spending? A To ensure everyone has access to health services B To increase the welfare of the population C To maintain a balanced current account D To reduce inequality in the distribution of income Your answer [1] 9 An individual’s only source of income has risen in nominal value but fallen in real value. As a result, the individual will A be unable to buy all the same products B decide to save more of their income C have less money to spend D not have to pay as much direct tax Your answer [1]
© OCR 13 The diagram shows the supply and demand for Sterling (£) when priced in US dollars ($). Price of Sterling in US Dollars ($) p^2 p^1 0 q 2 q 1 Quantity of Sterling What might cause the Sterling to US Dollar exchange rate to increase from p^1 to p^2? A Incomes of US consumers increase B Less imports are bought from the US C The UK becomes more attractive for foreign investment D UK goods become more desirable to US consumers Your answer [1] 14 How can fiscal policy be used to achieve economic growth? A A decrease in government spending to achieve a budget surplus B An increase in interest rates will encourage households to save C Improved education standards will increase the supply of labour D Lower levels of taxation will encourage more household spending Your answer [1] 15 An increase in a country’s level of international trade will most likely benefit producers because A better quality finished goods will be available B prices will be lower due to increased competition
D
S^1
S^2
© OCR Turn over C there will be a greater choice of goods and services D there will be a larger market for buying inputs Your answer [1]
© OCR Turn over 19 A more uneven distribution of wealth will be caused by a reduction in A interest rates B property prices C taxes on inheritance D wage increases Your answer [1] 20 The USA, Canada and Mexico have worked together to reduce import and export taxes. They have also established some common employment regulations. This is an example of a A current account surplus B free trade agreement C monetary policy D negative externality Your answer [1]
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Section B starts on the next page
© OCR (b) Using Extract 1 , calculate the UK’s total CO 2 emissions in 2000 , when the population was 58.89 million. Show your working. Answer................................................... [2] (c) Using a diagram , analyse how an indirect tax might have led to a change in CO 2 emissions in the UK between 2000 and 2020. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ ..............
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© OCR **Turn over (iii) *** Evaluate the benefits of a government policy to subsidise vaccinations. Use the information given in Extract 1 and your own knowledge. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ ..............
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© OCR (b) Using Extract 2 , state the differences in the trends in the trade in goods and in the trade in services between 2012 and 2022. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. .................................................................................................................................. [2] (c) Using Extract 2 , analyse how changes in the UK economy have led to an increasing current account deficit. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................ .............. ............................................................................................................................................
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