GCSE

ECONOMICS

Paper 1 How Markets Work

Wednesday 17 May 2023 Afternoon Time allowed: 1 hour 45 minutes

Materials For Examiner’s Use

You will need no other materials. Section Mark

You may use a calculator. A

Instructions B

• Use black ink or black ball-point pen. TOTAL

• Fill in the boxes at the top of this page.

• Answer all questions.

• You must answer the questions in the spaces provided. Do not write on

blank pages.

• If you need extra space for your answer(s), use the lined pages at the end of this book. Write the

question number against your answer(s).

• Do all rough work in this book. Cross through any work you do not want to be marked.

Information

• The marks for questions are shown in brackets.

• The maximum mark for this paper is 80.

• Questions should be answered in continuous prose. You will be assessed on your ability to:

– use good English

– organise information clearly

– use specialist vocabulary where appropriate.