Paper 3: The economic environment and business · 9EB0/03

Edexcel B A-level Paper 3, June 2022

All 8 written questions from Edexcel B A-level Paper 3 (June 2022), The economic environment and business. Case studies: Why is the yuan’s exchange rate with the US dollar… and GDP Growth Rate of Vietnam 2019–2021. 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

Why is the yuan’s exchange rate with the US dollar important?

Extracts: A: “GDP measures what GDP is supposed to measure. But it doesn’t count everything · B: Why is the yuan’s exchange rate with the US dollar important? · C: Global growth to accelerate · D: ‘Hidden cost’ of energy and transport could add up to $25tn, research estimates · E: What Germany can teach us about renewable energy

In the extracts: Germany, Credit Suisse, Chinese, Global, GDP, Growth Projections Global, Annual Petersberg Climate, German Chancellor Angela, World Economic Outlook, International Monetary

Q1(a)Discuss8 marks

Discuss the usefulness of GDP as an indicator of growth.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicThe role of credit in the economyThe economic cycleIntroduction to macroeconomic policy

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

Q1(b)Assess10 marks

Assess the impact of exchange rate changes on economic growth for a country.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicLife in a global economyThe economic cycle

Question paper p.6 Mark scheme p.6 Examiner report p.8 Open in the tool

Q1(c)Assess12 marks

Using a suitable diagram, assess the use of fiscal policy to stimulate economic growth.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicThe economic cycleIntroduction to macroeconomic policy

Question paper p.8 Mark scheme p.8 Examiner report p.13 Open in the tool Draw it: AD/AS diagram

Q1(d)Evaluate20 marks

Evaluate the extent of the trade-off between economic growth and negative externalities.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicScarcity, choice and potential conflictsMarket failure and government interventionThe economic cycle

Question paper p.10 Mark scheme p.10 Examiner report p.18 Open in the tool Practise the negative externality diagram Practise the PPF diagram

Section B

Case study

GDP Growth Rate of Vietnam 2019–2021

Extracts: F: GDP Growth Rate of Vietnam 2019–2021 · G: How does Vietnam benefit by joining the Regional Comprehensive Economic · H: Foreign Direct Investment (FDI) in Vietnam: A Year in Review and Outlook for 2020 · I: Association of Southeast Asian Nations (ASEAN) economies poised for robust

In the extracts: Vietnam, ASEAN, RCEP, GDP, Vietnamese, GlobalData, Singapore, Association of Southeast Asian, Regional Comprehensive, Thailand and Vietnam

Q2(a)Discuss8 marks

Discuss the possible impact of economic growth on employment patterns in a country such as Vietnam.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicThe economic cycle

Question paper p.16 Mark scheme p.13 Examiner report p.24 Open in the tool

Q2(b)Assess10 marks

Assess the benefits of being a member of a trading bloc for a country such as Vietnam.

Mark splitKnowledge 2Application 2Analysis 3Evaluation 3

TopicGlobalisation

Question paper p.17 Mark scheme p.15 Examiner report p.29 Open in the tool

Q2(c)Assess12 marks

Assess the impact of Multinational Corporations (MNCs) on the national economy of a country such as Vietnam.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicImpact of globalisation on global companies

Question paper p.19 Mark scheme p.17 Examiner report p.33 Open in the tool

Q2(d)Evaluate20 marks

Evaluate the impact on European firms of the growing economic power of emerging economies in South East Asia.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicEconomic factors in business expansion

Question paper p.21 Mark scheme p.19 Examiner report p.34 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

Why is the yuan’s exchange rate with the US dollar important?

Section B

GDP Growth Rate of Vietnam 2019–2021

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