Paper 2: Competing in the global economy · 9EB0/02

Edexcel B A-level Paper 2, June 2017

All 10 written questions from Edexcel B A-level Paper 2 (June 2017), Competing in the global economy. Case studies: The UK balance of trade in 2013, Selection of Economic Development Indicators 2013 and Norway running short of options as it tries to improve ties…. Each question shows its marks and topic, and opens the question paper and mark scheme at the right page.

Question paper Mark scheme Examiner report

Section A

Case study

The UK balance of trade in 2013

Extracts: A: The UK balance of trade in 2013 · B: Frozen yogurt firm takes on the world · C: Teesside docks largest cargo vessel in history

In the extracts: Teesside, AV Dawson, Bristol, Export, Import, UAE, Teesside Transporter Bridge, Mauritius and South Africa, Managing Director, Europe and Asia

Q1(a)Calculate4 marks

Using the data from Extract A, calculate the balance of trade in goods for the UK in 2013. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicLife in a global economy

Question paper p.4 Mark scheme p.4 Examiner report p.4 Open in the tool

Q1(b)Explain4 marks

Explain how exporters may benefit from economies of scale. (Extract C, Lines 6-7)

Mark splitKnowledge 1Application 2Analysis 1

TopicBusiness growth and competitive advantage

Question paper p.5 Mark scheme p.4 Examiner report p.5 Open in the tool

Q1(c)Explain4 marks

Using data from Extract A, explain one reason why the UK economy can be described as developed.

Mark splitKnowledge 1Application 2Analysis 1

TopicLife in a global economyBusiness growth and competitive advantage

Question paper p.6 Mark scheme p.5 Examiner report p.6 Open in the tool

Q1(d)Analyse6 marks

Analyse why the owners of AngelBerry advise that it is ‘essential to carry out thorough research before you start exporting’.

Mark splitKnowledge 2Application 2Analysis 2

TopicLife in a global economyBusiness growth and competitive advantage

Question paper p.7 Mark scheme p.5 Examiner report p.8 Open in the tool

Q1(e)Discuss8 marks

Using a suitable diagram, discuss the likely impact of increasing net exports on the UK economy.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicLife in a global economy

Question paper p.8 Mark scheme p.6 Examiner report p.10 Open in the tool Draw it: AD/AS diagram

Q1(f)Assess10 marks

Assess the merits of AngelBerry’s decision to focus upon developing economies for its growth.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicEconomic factors in business expansion

Question paper p.9 Mark scheme p.8 Examiner report p.12 Open in the tool

Q1(g)Assess12 marks

Part of the £3.4m investment in the Teesside deep-water quay was provided by the UK Government. Assess the likely impact of the investment on the local economy.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicLife in a global economyBusiness growth and competitive advantage

Question paper p.11 Mark scheme p.10 Examiner report p.14 Open in the tool Practise the AD/AS diagram Practise the multiplier diagram

Q1(h)Assess12 marks

Assess the likely effectiveness of using fiscal policy to reduce the deficit in the UK balance of trade in goods.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicLife in a global economyIntroduction to macroeconomic policy

Question paper p.13 Mark scheme p.12 Examiner report p.16 Open in the tool Practise the AD/AS diagram

Section B

Case study

Selection of Economic Development Indicators 2013

Extracts: D: Selection of Economic Development Indicators 2013

In the extracts: Rank, PCAP, GDP, Selection of Economic Development, Russian Federation, Income Rank, Indicators, Brazil, India, China

Q2Evaluate20 marks

Using Extract D, evaluate the effectiveness of GDP per capita in comparing living standards between countries.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicThe economic cycleInequality and re-distribution

Question paper p.16 Mark scheme p.14 Examiner report p.18 Open in the tool

Section C

Case study

Norway running short of options as it tries to improve ties with China

Extracts: E: Norway running short of options as it tries to improve ties with China · F: Marine Harvest pursues net gains in Scotland

In the extracts: China, Chinese, Norwegian, Norway, Scotland, European Union, Scottish, Scotland Marine Harvest, South China Morning, Nobel Peace Prize

Q3Evaluate20 marks

Evaluate the likely impact of trade restrictions upon multinational firms, such as Marine Harvest.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicImpact of globalisation on global companies

Question paper p.20 Mark scheme p.16 Examiner report p.22 Open in the tool

Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Section A

The UK balance of trade in 2013

Section B

Selection of Economic Development Indicators 2013

Section C

Norway running short of options as it tries to improve ties with China

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