AQA GCSE Economics 2026 Predicted Practice Paper — Paper 1

Answer ALL questions. Write your answers in the spaces provided. You must write down all the stages in your working.

Section A

Ten multiple choice questions followed by calculation, short and extended responses. Answer all questions.

• 1

  Question SECTION-A1 (1 mark)

  Which statement is most accurate for Economic foundations?

  A. It follows directly from the Economic foundations model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A1 is 1 mark)
• 2

  Question SECTION-A2 (1 mark)

  Which statement is most accurate for Resource allocation?

  A. It follows directly from the Resource allocation model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A2 is 1 mark)
• 3

  Question SECTION-A3 (1 mark)

  Which statement is most accurate for How prices are determined?

  A. It follows directly from the How prices are determined model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A3 is 1 mark)
• 4

  Question SECTION-A4 (1 mark)

  Which statement is most accurate for Production, costs, revenue and profit?

  A. It follows directly from the Production, costs, revenue and profit model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A4 is 1 mark)
• 5

  Question SECTION-A5 (1 mark)

  Which statement is most accurate for Competitive and concentrated markets?

  A. It follows directly from the Competitive and concentrated markets model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A5 is 1 mark)
• 6

  Question SECTION-A6 (1 mark)

  Which statement is most accurate for Market failure?

  A. It follows directly from the Market failure model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A6 is 1 mark)
• 7

  Question SECTION-A7 (1 mark)

  Which statement is most accurate for Economic foundations?

  A. It follows directly from the Economic foundations model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A7 is 1 mark)
• 8

  Question SECTION-A8 (1 mark)

  Which statement is most accurate for Resource allocation?

  A. It follows directly from the Resource allocation model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A8 is 1 mark)
• 9

  Question SECTION-A9 (1 mark)

  Which statement is most accurate for How prices are determined?

  A. It follows directly from the How prices are determined model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A9 is 1 mark)
• 10

  Question SECTION-A10 (1 mark)

  Which statement is most accurate for Production, costs, revenue and profit?

  A. It follows directly from the Production, costs, revenue and profit model or definition.B. It is always true for every topic in the specification.C. It only matters in coursework tasks.D. It can be ignored if the final answer looks sensible.

  (Total for Question SECTION-A10 is 1 mark)
• 11

  Question SECTION-A11 (2 marks)

  GCSE Economics Competitive and concentrated markets question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A11 is 2 marks)
• 12

  Question SECTION-A12 (2 marks)

  GCSE Economics Market failure question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A12 is 2 marks)
• 13

  Question SECTION-A13 (3 marks)

  GCSE Economics Economic foundations question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A13 is 3 marks)
• 14

  Question SECTION-A14 (3 marks)

  GCSE Economics Resource allocation question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A14 is 3 marks)
• 15

  Question SECTION-A15 (4 marks)

  GCSE Economics How prices are determined question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A15 is 4 marks)
• 16

  Question SECTION-A16 (6 marks)

  GCSE Economics Production, costs, revenue and profit question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A16 is 6 marks)
• 17

  Question SECTION-A17 (10 marks)

  GCSE Economics Competitive and concentrated markets question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-A17 is 10 marks)

Section B

Five questions involving calculations, short and extended responses. Answer all questions.

• 1

  Question SECTION-B1 (4 marks)

  GCSE Economics Market failure question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-B1 is 4 marks)
• 2

  Question SECTION-B2 (6 marks)

  GCSE Economics Economic foundations question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-B2 is 6 marks)
• 3

  Question SECTION-B3 (6 marks)

  GCSE Economics Resource allocation question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-B3 is 6 marks)
• 4

  Question SECTION-B4 (9 marks)

  GCSE Economics How prices are determined question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-B4 is 9 marks)
• 5

  Question SECTION-B5 (15 marks)

  GCSE Economics Production, costs, revenue and profit question. Use the economic data or context in the question. Define the relevant concept, analyse the likely effect using a clear chain of reasoning, and evaluate whether the outcome depends on assumptions, elasticity, time period or policy design.

  (Total for Question SECTION-B5 is 15 marks)