Paper 2: The wider economic environment · 8EB0/02

Edexcel B AS Paper 2, June 2018

All 11 written questions from Edexcel B AS Paper 2 (June 2018), The wider economic environment. Case studies: Crisp maker hit by price rises, Selected UK data for May-Nov 2016 and Spain wakes up to risk posed by long-term joblessness. 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

Crisp maker hit by price rises

Extracts: A: Crisp maker hit by price rises · B: Value of £1 sterling, expressed in Dollars and Euros, monthly averages for 2016

In the extracts: Nimisha, Brexit, Manufacturer Nimisha Raja, Belgium and Hong Kong, Dollars and Euros, Nim Fruit Crisps, Jan Feb Mar, Apr May Jun, Jul Aug Sep, Oct Nov Dec

Q1(a)Define2 marks

What is meant by the term ‘imports’?

Mark splitKnowledge 2

TopicLife in a global economy

Question paper p.3 Mark scheme p.4 Examiner report p.4 Open in the tool

Q1(b)Calculate4 marks

Calculate, to 2 decimal places, the capacity utilisation in December 2016. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicProductive efficiency

Question paper p.3 Mark scheme p.4 Examiner report p.5 Open in the tool

Q1(c)Explain4 marks

Explain one way Nim’s Fruit Crisps could improve its capacity utilisation.

Mark splitKnowledge 1Application 2Analysis 1

TopicProductive efficiency

Question paper p.4 Mark scheme p.5 Examiner report p.6 Open in the tool

Q1(d)Discuss8 marks

Discuss whether using lean production will help Nim’s Fruit Crisps achieve a competitive advantage.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicBusiness growth and competitive advantageProductive efficiency

Question paper p.5 Mark scheme p.6 Examiner report p.8 Open in the tool

Q1(e)Assess12 marks

Using the data in Extract B, assess the extent to which the depreciation of the pound sterling (£) will have an impact on UK manufacturers such as Nim’s Fruit Crisps.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicLife in a global economy

Question paper p.7 Mark scheme p.8 Examiner report p.10 Open in the tool

Section B

Case study

Selected UK data for May-Nov 2016

Extracts: C: Selected UK data for May-Nov 2016 · D: Train fares to increase by 2.3% in 2017

In the extracts: Campaign for Better Transport, Transport Secretary Chris, Rail Delivery Group, Lianna Etkind, Aug Sept Oct, Paul Plummer, Selected UK, Nov Annual, Travellers, Mick Cash

Q2(a)Define2 marks

What is meant by the term ‘Consumer Price Index’?

Mark splitKnowledge 2

TopicThe economic cycle

Question paper p.10 Mark scheme p.10 Examiner report p.12 Open in the tool

Q2(b)Calculate4 marks

Using Extract C, calculate the change in average real earnings for November 2016. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicThe economic cycle

Question paper p.10 Mark scheme p.10 Examiner report p.13 Open in the tool

Q2(c)Explain4 marks

Using Extract C, explain one impact of rising inflation on individuals with savings.

Mark splitKnowledge 1Application 2Analysis 1

TopicThe economic cycle

Question paper p.11 Mark scheme p.11 Examiner report p.14 Open in the tool

Q2(d)Discuss8 marks

Discuss how price elasticity of demand might affect train operators’ revenues following an increase in the price of rail tickets.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicFirms, consumers and elasticities of demand

Question paper p.12 Mark scheme p.12 Examiner report p.16 Open in the tool Practise the PED and revenue diagram Practise the PED and PES diagram

Q2(e)Assess12 marks

Assess the economic benefits of increased investment in the UK rail network.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicThe economic cycle

Question paper p.14 Mark scheme p.14 Examiner report p.18 Open in the tool Practise the AD/AS diagram

Section C

Case study

Spain wakes up to risk posed by long-term joblessness

Extracts: E: Spain wakes up to risk posed by long-term joblessness

In the extracts: Spain, Spanish, Marcel Jansen, Madrid Aut, University, Long-term, Mr Jansen, Official, Europe

Q3Evaluate20 marks

Using Extract E, evaluate the likely impact of unemployment on the Spanish economy.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicThe economic cycleImpact of globalisation on local and national economies

Question paper p.17 Mark scheme p.16 Examiner report p.21 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

Crisp maker hit by price rises

Section B

Selected UK data for May-Nov 2016

Section C

Spain wakes up to risk posed by long-term joblessness

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