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

Edexcel B AS Paper 2, June 2019

All 11 written questions from Edexcel B AS Paper 2 (June 2019), The wider economic environment. Case studies: UK premium chocolate market and inflation data, Brazil: foreign direct investment and unemployment data and Tax cuts for firms and the rich as President Donald Trump…. 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

UK premium chocolate market and inflation data

Q1(a)Define2 marks

What is meant by the term 'brand'?

Mark splitKnowledge 2

TopicBusiness growth and competitive advantage

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

Q1(b)Calculate4 marks

Estimates indicate that a 2.3% rise in incomes in the UK would result in an 8% increase in demand for premium chocolate. Calculate, to 2 decimal places, the income elasticity of demand (YED) for premium chocolate. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicFirms, consumers and elasticities of demandThe economic cycle

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

Q1(c)Explain4 marks

Using the trend shown in Extract A for the period 2016-2017, explain one possible impact on chocolate manufacturers, such as Hotel Chocolat.

Mark splitKnowledge 1Application 2Analysis 1

TopicLife in a global economyThe economic cycle

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

Q1(d)Discuss8 marks

Discuss how the economic cycle might affect manufacturers of premium chocolate, such as Hotel Chocolat.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicThe economic cycle

Question paper p.6 Mark scheme p.5 Examiner report p.4 Open in the tool Practise the economic cycle diagram Practise the YED and XED diagram

Q1(e)Assess12 marks

Assess the benefits of organic growth for a firm such as Hotel Chocolat.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicBusiness growth and competitive advantage

Question paper p.8 Mark scheme p.7 Examiner report p.6 Open in the tool

Section B

Case study

Brazil: foreign direct investment and unemployment data

Q2(a)Define2 marks

What is meant by the term 'exports'?

Mark splitKnowledge 2

TopicLife in a global economy

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

Q2(b)Calculate4 marks

Using Extract C, calculate, to 2 decimal places, the percentage change in the amount of foreign direct investment (FDI) for Brazil from 2014 to 2017. You are advised to show your working.

Mark splitKnowledge 1Application 3

TopicEconomic factors in business expansion

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

Q2(c)Explain4 marks

Using Extract C, explain one impact these unemployment rates may have on the Brazilian government.

Mark splitKnowledge 1Application 2Analysis 1

TopicThe economic cycle

Question paper p.13 Mark scheme p.10 Examiner report p.9 Open in the tool

Q2(d)Discuss8 marks

Discuss the possible advantages for Brazil of being a member of a trading bloc.

Mark splitKnowledge 2Application 2Analysis 2Evaluation 2

TopicGlobalisation

Question paper p.14 Mark scheme p.11 Examiner report p.10 Open in the tool

Q2(e)Assess12 marks

Assess the benefits of inward foreign direct investment (FDI) flows to a country such as Brazil.

Mark splitKnowledge 2Application 2Analysis 4Evaluation 4

TopicEconomic factors in business expansion

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

Section C

Case study

Tax cuts for firms and the rich as President Donald Trump wins a major victory

Q3Evaluate20 marks

Evaluate the extent to which a reduction in taxation will increase a country's rate of economic growth.

Mark splitKnowledge 4Application 4Analysis 6Evaluation 6

TopicThe economic cycle

Question paper p.19 Mark scheme p.15 Examiner report p.14 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

UK premium chocolate market and inflation data

Section B

Brazil: foreign direct investment and unemployment data

Section C

Tax cuts for firms and the rich as President Donald Trump wins a major victory

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