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Title: Edexcel a level economics b question paper 2 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE A Level In Economics B (9EB0) Paper 02 Competing in the Global Economy
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE A Level In Economics B (9EB0) Paper 02 Competing in the Global Economy
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Edexcel a level
economics b question
paper 2 june 2024 +
mark scheme
Please check the examination details below before entering your candidate information
Candidate surname
Centre Number
Other names
Candidate Number
Pearson Edexcel Level 3 GCE
Monday 20 May 2024
Afternoon (Time: 2 hours)
Paper
reference
Economics B
9EB0/02
Advanced
PAPER 2: Competing in the global economy
You do not need any other materials
...
•
in the boxes at the top of this page with your name,
• Fill
centre number and candidate number
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• Answer the questions in the spaces provided
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•
marks for each question are shown in brackets
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– use this as a guide as to how much time to spend on each question
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Advice
Read each question carefully before you start to answer it
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•
• Check your answers if you have time at the end
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F:1/1/1/
*P80958A0128*
Read the following extracts (A to E) before answering Question 1
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Extract A
Trade Union Congress report on inflation
Inflation in 2023 has not been driven by pay, it was driven by energy and overseas
commodity price shocks
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But even though inflation originated
from higher costs on international markets, the government has focused on measures
that seek to reduce demand in the economy
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1% to
5
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This approach hits some groups far harder than others
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Bank and energy company
profits, city bonuses and salaries for certain professional and business services have risen
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tuc
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uk/research-analysis/reports/workers-are-notblame-cost-living-crisis)
Extract B
Food poverty and health
In June 2023, a School And Public Health Nurses Association (SAPHNA) report found a
deterioration in children’s health due to a rise in the cost of food
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Food inflation is at its highest for almost 50 years and
this is hitting the poorest households hardest
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This is now more important than ever
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Mr Anderson said that he “doesn’t believe” in “poverty nonsense”
and that the UK “is not an impoverished island”
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local
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uk/about/news/concerning-food-inflation-riseimpacts-childrens-health-lga-responds-saphna-report and https://www
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co
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html)
2
*P80958A0228*
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SECTION A
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Answer ALL questions
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Many households are
going without heating or washing due to the significant costs of doing so
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They cannot afford the basic standard of physical care required to make their
attendance in education possible, let alone the essential resources required to travel to
their education settings, or access learning online and at home
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org/news/news-list/state-of-child-poverty-2023/)
Extract D
The index for bread prices in the United Kingdom from 2018 to 2023
Year
Average price
white sliced bread
(800 g)
Index
2018
£1
...
07
102
2020
£1
...
06
101
2022
£1
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36
(Source: adapted from https://www
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gov
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ons
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uk/peoplepopulationandcommunity/
personalandhouseholdfinances/incomeandwealth/bulletins/
householddisposableincomeandinequality/financialyearending2022)
4
*P80958A0428*
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Extract E
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1 (a) Using the information in Extract D, calculate, to the nearest whole number, the
index for UK bread prices in 2023
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(4)
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*P80958A0528*
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(b) Using this data and Extract D, calculate, to 2 decimal places, the price elasticity
of demand (PED) for 800 g white sliced bread between 2022 and 2023
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(4)
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6
*P80958A0628*
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Sales data shows that demand for 800 g white sliced bread increased by 0
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(c) With reference to Extract A, explain one impact trade unions could have on
wage rates
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(d) Analyse two ways in which high inflation affects individuals
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(8)
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*P80958A0928*
9
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(f ) Assess the extent to which poverty exists in Britain
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10
*P80958A01028*
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In Extract B, Lee Anderson claims that “there is no poverty in Britain”
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*P80958A01228*
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(12)
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*P80958A01328*
13
Turn over
(h) With reference to Extract E, assess the possible impact of income inequality on
the UK economy
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Extract F
Small number of large multinational firms dominate cloud computer services
In October 2023, the Office of Communications (Ofcom), the UK Government‑approved
regulatory authority for the broadcasting, telecommunications and postal industries,
referred the public cloud infrastructure services market to the Competition and Markets
Authority (CMA)
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Cloud services allow remote access to computing resources
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Ofcom has estimated that the market for cloud
services in the UK was worth up to £7
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5
10
In its study, Ofcom identified several features in the supply of cloud services that make it
more difficult for customers to switch cloud suppliers
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15
(Source: adapted from https://www
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uk/government/news/cma-launches-marketinvestigation-into-cloud-services )
16
*P80958A01628*
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Read the following extracts (F and G) before answering Question 2
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ofcom
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uk/news-centre/2023/ofcom-refers-ukcloud-market-to-cma-for-investigation#:~:text=There%20are%20two%20leading%20
providers,70%2D80%25%20in%202022)
*P80958A01728*
17
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*P80958A01828*
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(20)
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2 Evaluate the methods by which the activities of multinational corporations (MNCs)
such as Microsoft, Amazon and Google may be controlled
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Extract H
Will artificial intelligence (AI) replace people?
Despite their limitations ChatGPT and other recently released AI models hold the
promise of automating all sorts of tasks that were previously thought to be only in the
realm of human creativity, reasoning, writing, creating graphics and summarising and
analysing data
...
5
For all the amazing advances in AI and other digital tools in the last 10 years, their record
in improving prosperity and widespread economic growth is discouraging
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Some jobs have completely disappeared after being automated
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technologyreview
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7
Scotland
4
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8
South West
3
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9
London
4
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3
West Midlands
5
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1
Yorkshire and Humberside
2
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3
North East
5
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0
1
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0
3
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0
5
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0
% of 16 to 64-year-olds
(Source adapted from: https://www
...
gov
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SECTION C
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3 Evaluate the view that the main causes of unemployment are technological
and structural
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Summer 2024
Question Paper Log Number 80958
Publications Code 9EB0_02_2406_MS
All the material in this publication is copyright
© Pearson Education Ltd 2024
General Marking Guidance
•
All
candidates
must
receive
the
same
treatment
...
•
Mark schemes should be applied positively
...
•
Examiners should mark according to the mark scheme
not according to their perception of where the grade boundaries
may lie
...
All marks on the
mark scheme should be used appropriately
...
Examiners should always award full marks if deserved,
i
...
if the answer matches the mark scheme
...
•
Where some judgement is required, mark schemes will
provide the principles by which marks will be awarded and
exemplification may be limited
...
•
Crossed out work should be marked UNLESS the
candidate has replaced it with an alternative response
...
You
are advised to show your working
...
36/£1
...
295
1
...
30 X 100 (1)
and 1 mark for the correct answer:
130 (1)
NB if no working is shown award marks as below:
• If the answer given is 130 award 4 marks
(4)
Question Sales data shows that demand for 800g white sliced bread
Number increased by 0
...
1(b)
Using this data and Extract D, calculate, to 2 decimal
places, the price elasticity of demand (PED) for 800g white
sliced bread between 2022 and 2023
...
Knowledge/understanding 1, Application 3
Mark
Knowledge/understanding: 1 mark for correct formula:
(1) = PED
Application: up to 3 marks for calculating:
Change in price 2022-2023:
£1
...
20/£1
...
33% (1)
0
...
33% (1) = 0
...
05 award 4 marks
(4)
Question With reference to Extract A, explain one impact trade
Number unions could have on wage rates
...
g
...
1(d)
Knowledge/understanding 2, Application 2,
Analysis 2
Knowledge: up to 2 marks for: Inflation may reduce the
value of real wages (1) and reduce living standards (1)
Application: up to 2 marks for contextualised answers
e
...
Many households are going without heating or washing
(1) and many are living in cold, damp homes (1)
Analysis: up to 2 marks for developing the impact e
...
Decreased purchasing power means they cannot afford as
many goods (1) This may negatively affect physical
health (1)
(6)
Question
Number
1(e)
With reference to Extract C, discuss the likely impact of
falling attendance in schools on the UK economy
...
The more widespread, the
greater the impact
The impact will depend upon for how long this
falling attendance is sustained
...
Level 1
1–2
Isolated elements of knowledge and understanding, using
little or no relevant evidence
...
Limited attempt to address the
question
...
Arguments and chains of reasoning are
developed
...
Level 3
6–8
Accurate knowledge and understanding, supported
throughout by use of relevant evidence which is well chosen
...
A balanced awareness of competing arguments
...
Where questions do not specifically stipulate the use of data or information
provided in a stimulus, students:
• must select relevant examples from their own knowledge, these must be
directly connected to the context/issues set out in the question, and
• may directly reference, interpret or analyse the information provided in
any relevant stimulus
...
Mark
Assess the extent to which poverty exists in Britain
...
Level 1
1–2
Isolated elements of knowledge and understanding, using
little or no relevant evidence
...
Limited attempt to address the
question
...
Arguments and chains of reasoning are
presented but with limited attempt to address the question
...
Level 3
5–7
Accurate knowledge and understanding, supported by use of
relevant evidence to support the argument, clear chains of
reasoning, with well developed arguments
...
Level 4
8–10
Accurate knowledge and understanding, supported
throughout by use of relevant evidence which is well chosen,
logical, coherent chains of reasoning, showing full
understanding of the question
...
A full and balanced awareness of the validity and
significance of competing arguments
...
Where questions do not specifically stipulate the use of data or information
provided in a stimulus, students:
• must select relevant examples from their own knowledge, these must be
directly connected to the context/issues set out in the question, and
• may directly reference, interpret or analyse the information provided in
any relevant stimulus
...
Indicative content
Knowledge/understanding 2, Application 2,
Analysis 4, Evaluation 4
•
•
•
•
•
•
•
•
Mark
Circular flow of income model (accept an accurate
diagram, if given) describes injections and
leakages/withdrawals of money from the economy
Injections include: investment; government
spending; exports
...
Level 1
1–2
Isolated elements of knowledge and understanding, using
little or no relevant evidence
...
Limited attempt to address the
question
...
Arguments and chains of reasoning are
presented but with limited attempt to address the question
...
Level 3
6–9
Accurate knowledge and understanding, supported by use of
relevant evidence to support the argument, clear chains of
reasoning, with well developed arguments
...
Level 4
10–12
Accurate knowledge and understanding, supported
throughout by use of relevant evidence which is well chosen,
logical, coherent chains of reasoning, showing full
understanding of the question
...
A full and balanced awareness of the validity and
significance of competing arguments
...
Where questions do not specifically stipulate the use of data or information
provided in a stimulus, students:
• must select relevant examples from their own knowledge, these must be
directly connected to the context/issues set out in the question, and
• may directly reference, interpret or analyse the information provided in
any relevant stimulus
...
Indicative content
Knowledge/understanding 2, Application 2,
Analysis 4, Evaluation 4
•
•
•
•
•
•
•
•
•
Mark
Income inequality refers to the unequal distribution
of income among the population
Income inequality is shown in Extract E where the
top 40% receives 60% of the total national
income
The bottom 40% only receives 22% of the total
national income
Income inequality can hinder economic growth as
it can limit the ability of lower income groups to
participate in education, skills development and
entrepreneurship
When a significant portion of the population does
not have adequate resources, it reduces consumer
spending and AD which is a main source of
economic growth
High income inequality can create barriers to social
mobility when lower-income groups may lack
access to quality education and healthcare
...
Disparities in wealth and
opportunities can create social unrest and higher
crime rates
However, policies to address income inequality in
the UK such as progressive taxation, increasing the
minimum wage, improving access to quality
education and healthcare, providing targeted social
support might reduce income inequality
Reducing income inequality is crucial for achieving
sustainable economic growth and a better quality
of life for all members of society
(12)
Level
Mark
Descriptor
0
A completely inaccurate response
...
Arguments and chains of
reasoning may be attempted
...
Level 2
3–5
Elements of knowledge and understanding, using limited
relevant evidence
...
Comparisons and judgements may be attempted
...
An awareness of
the significance of competing arguments is present although
this may lack balance
...
Arguments are developed and
evaluated
...
Demonstrating application (AO2) in responses
Where questions specifically stipulate the use of data or information provided in
a stimulus, students:
• must directly reference, interpret or analyse the information provided in
the stimulus
• in addition, may select examples from their own knowledge but these
must be relevant and directly connected to the context/issues set out in
the stimulus
...
Section B
Question
Number
2
Evaluate the methods by which the activities of
multinational corporations (MNCs) such as Microsoft,
Amazon and Google may be controlled
...
This means it is
difficult for individual national governments to create
legal controls on their global activities
In addition, large MNCs can have political influence
and can also afford to employ expensive legal
representation to resist legal controls
Self-regulation will depend upon the willingness of
shareholders to accept lower profits in return for a
more ethical business model
(20)
Level
Mark
Descriptor
0
A completely inaccurate response
...
Arguments and chains of
reasoning may be attempted, but fail to connect causes and
consequences
...
Level 2
5–9
Elements of knowledge and understanding, using limited
relevant evidence
...
Limited attempt to address the
question
...
Level 3
10–15
Accurate knowledge and understanding, supported by use of
relevant evidence to support the argument, developed chains
of reasoning, showing understanding of connections between
causes and consequences
...
An awareness of the significance of
competing arguments is present although this may lack
balance
...
Level 4
16–20
Accurate knowledge and understanding, supported
throughout by use of relevant evidence which is well chosen
and fully integrated to support the argument, well developed
and logical, coherent chains of reasoning, showing full
understanding of the question
...
A full awareness of the validity and
significance of competing arguments, leading to nuanced and
balanced comparisons, judgements or conclusions
...
Where questions do not specifically stipulate the use of data or information
provided in a stimulus, students:
• must select relevant examples from their own knowledge, these must be
directly connected to the context/issues set out in the question, and
• may directly reference, interpret or analyse the information provided in
any relevant stimulus
...
Indicative content
Knowledge/understanding 4, Application 4, Analysis
6, Evaluation 6
• The other causes of unemployment are: occupational
and geographical immobility; demand deficiency and
cyclical unemployment
• Automation, artificial intelligence and robotics can
increase productivity but may result in job losses in
sectors heavily affected by automation such as
manufacturing and retail
• This creates demand for new skills and retraining for
employees to remain in the job market and avoid
structural unemployment
• The regional difference in unemployment suggest
that there may be structural unemployment in the
north, with firms locating in the south where skill
levels match job vacancies
• However, the emergence of new industries and job
opportunities in technology-related sectors may
actually reduce unemployment
• Lower levels of unemployment in some regions, such
as the South East, may suggest demand deficient
unemployment in other regions such as the North
West and North East
• Regional difference in unemployment may suggest
that geographical immobility is a factor in creating
higher unemployment in the north
• The low level of unemployment in Northern Ireland
suggests that a more open border with the EU and
free trade might be important in reducing
unemployment
• More proactive strategies and policy interventions,
such as apprenticeships, can help facilitate a
smoother transition for workers into new industries
and roles reducing technological and structural
unemployment
Mark
(20)
Level
Mark
Descriptor
0
A completely inaccurate response
...
Arguments and chains of
reasoning may be attempted, but fail to connect causes and
consequences
...
Level 2
5–9
Elements of knowledge and understanding, using limited
relevant evidence
...
Limited attempt to address the
question
...
Level 3
10–15
Accurate knowledge and understanding, supported by use of
relevant evidence to support the argument, developed chains
of reasoning, showing understanding of connections between
causes and consequences
...
An awareness of the significance of
competing arguments is present although this may lack
balance
...
Level 4
16–20
Accurate knowledge and understanding, supported
throughout by use of relevant evidence which is well chosen
and fully integrated to support the argument, well developed
and logical, coherent chains of reasoning, showing full
understanding of the question
...
A full awareness of the validity and
significance of competing arguments, leading to nuanced and
balanced comparisons, judgements or conclusions
...
Where questions do not specifically stipulate the use of data or information
provided in a stimulus, students:
• must select relevant examples from their own knowledge, these must be
directly connected to the context/issues set out in the question, and
• may directly reference, interpret or analyse the information provided in
any relevant stimulus
...
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Title: Edexcel a level economics b question paper 2 june 2024 + mark scheme
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE A Level In Economics B (9EB0) Paper 02 Competing in the Global Economy
Description: Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE A Level In Economics B (9EB0) Paper 02 Competing in the Global Economy