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Learn Extracted exam questions IGCSE Economics 0455 Economics June 2025 Question Paper 13

0455 Economics June 2025 Question Paper 13

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1 1 mark multiple_choice 3.1

a 10 dollar note

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
2 1 mark multiple_choice

$50

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
3 1 mark multiple_choice 1.4

X consumer goods O capital goods What does point X on the PPC show? All resources are used for the production of consumer goods.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
4 1 mark multiple_choice 2.1

allocating resources and guiding choices

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
5 1 mark multiple_choice 2.4

quantity supplied (million tonnes) quantity demanded (million tonnes) price per kilo $2.50 2.00 1.50 1.00 0.50 What will happen if the price is reduced to$1.00 per kilo? The demand curve will shift to the left.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
6 1 mark multiple_choice 2.5

O D1 E1 E2 D2 P2 P1 Q1 Q2 S price quantity What would cause a change in the market equilibrium from E1 to E2? a newspaper article stating cherries are good for your health

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
7 1 mark multiple_choice 2.6

its cars are price elastic

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
8 1 mark multiple_choice 2.4

price quantity O

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
9 1 mark multiple_choice 2.10

ownership of land and capital resource allocation private sector by government

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
10 1 mark multiple_choice 3.2

cost of borrowing amount saved decreased decreased

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
11 1 mark multiple_choice 3.3

the availability of overtime work

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
12 1 mark multiple_choice 3.5

tertiary sector secondary sector increased supply of workers increased productivity

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
13 1 mark multiple_choice 3.6

O cost output ATC

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
14 1 mark multiple_choice 2.3

a decrease in the price of capital used by the industry

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
15 1 mark multiple_choice 3.6

output (units) 720 500 360 200 total variable costs ($) What can be concluded about the firm’s average total cost? It falls continuously.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
16 1 mark multiple_choice 2.5

price output decrease decrease

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
17 1 mark multiple_choice 4.4

to improve international competitiveness

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
18 1 mark multiple_choice 4.2

welfare payments tax revenues decrease decrease

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
19 1 mark multiple_choice 4.7

It creates uncertainty for workers.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
20 1 mark multiple_choice 5.4

to conserve oil resources

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
21 1 mark multiple_choice 6.4

a decrease in imports

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
22 1 mark multiple_choice 5.1

a large increase in the factory owners’ incomes

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
23 1 mark multiple_choice 4.6

Some benefit claimants are working unofficially.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
24 1 mark multiple_choice 4.6

higher employment

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
25 1 mark multiple_choice 3.3

It will decrease the productivity of workers.

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
26 1 mark multiple_choice 5.3

a rise in emigration

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
27 1 mark multiple_choice 5.3

increased emigration

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
28 1 mark multiple_choice 6.2

UK government revenue German steel producers’ revenue decrease decrease

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
29 1 mark multiple_choice 6.3

September June £1 = $1.32 £1 =$1.48 What will be the likely consequence for the UK economy in the short run of the change in the exchange rate? an increase in the budget deficit

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D
30 1 mark multiple_choice 6.4

$m 1000 –500 1000 2000 800 200 primary income secondary income total value of exported goods total value of imported goods total value of exported services total value of imported services What is the current account balance of the balance of payments of this country?$4725m

  1. A

    A
  2. B

    B
  3. C

    C
  4. D

    D

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