Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 20 May 2024
Paper
Afternoon (Time: 2 hours)
reference 9EB0/02 🞍 🞍
Economics B
Advanced
PAPER 2: Competing in the global economy
You do not need any other materials. Total Marks
Pearson Edexcel Level 3 GCE ECONOMIC B Advanced PAPER 2: Competing in the global economy QP
MAY 2024
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
•• Answer
centre number and candidate number.
all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
• Calculators may be used.
– use this as a guide as to how much time to spend on each question.
Advice
• Read
• Try
each question carefully before you start to answer it.
to answer every question.
• your answers if you have time at the end.
Check
DO NOT WRITE IN THIS AREA
Read the following extracts (A to E) before answering Question 1.
Write your answers in the spaces provided.
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. While workers and their unions sought to protect themselves with higher wages, they
are not driving price rises. But even though inflation originated
from higher costs on international markets, the government has focused on measures 5
that seek to reduce demand in the economy.
The Bank of England’s response has been to rapidly raise interest rates from 0.1% to 5.25%.
This approach hits some groups far harder than others. Costs have increased rapidly for
DO NOT WRITE IN THIS AREA
households with unsecured debt, people renting properties, those with
outstanding mortgage payments and firms relying on credit. Bank and energy company 10
profits, city bonuses and salaries for certain professional and business services have risen.
(Source: adapted from https://www.tuc.org.uk/research-analysis/reports/workers-are-not-
blame-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. The Vice-Chair of the Local
Government Association’s Community Wellbeing Board said:
“These findings are deeply concerning and show that a rise in the cost of living is having 5
harmful effects on children’s health. Food inflation is at its highest for almost 50 years andthis is
hitting the poorest households hardest. If a child has a free school meal, that will save their family £500 DO NOT WRITE IN THIS AREA
a year. This is now more important than ever.”
In October 2023, the Deputy Conservative Party Chair, Lee Anderson, claimed that “there
is no poverty in Britain”. Mr Anderson said that he “doesn’t believe” in “poverty nonsense” 10
and that the UK “is not an impoverished island”.
(Source: adapted from https://www.local.gov.uk/about/news/concerning-food-inflation-rise-impacts-
childrens-health-lga-responds-saphna-report and https://www.independent.co.uk/
tv/news/lee-anderson-poverty-tory-conference-b2423960.html)
2
🞍🞍🞍🞍
, Extract C
Child Poverty in 2023
DO NOT WRITE IN THIS AREA
Education is starting to be seen as a luxury, as the costs associated with getting a child toschool and
successfully engaging in education become too much. Many households are going without heating
or washing due to the significant costs of doing so. This is leaving
children without basic levels of hygiene and wellbeing, with many living in cold, damp 5
homes. 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 totheir education settings, or
access learning online and at home.
(Source: adapted from https://buttleuk.org/news/news-list/state-of-child-poverty-2023/)
Extract D
The index for bread prices in the United Kingdom from 2018 to 2023
Average price white
Year sliced bread(800 g) Index
DO NOT WRITE IN THIS AREA
2018 £1.05 100
2019 £1.07 102
2020 £1.05 100
2021 £1.06 101
2022 £1.20 114
2023 £1.36
(Source: adapted from https://www.ons.gov.uk/economy/inflationandpriceindices/
timeseries/czoh/mm23)
DO NOT WRITE IN THIS AREA
3
🞍🞍🞍🞍 Turn over
, Extract E
How total household disposable income was shared between quintiles in the UKin 2022
DO NOT WRITE IN THIS AREA
Bottomfifth,
9%
Second fifth,13%
Top fifth, 36%
Third fifth, 18%
Fourth fifth, 24%
DO NOT WRITE IN THIS AREA
(Source: adapted from https://www.ons.gov.uk/peoplepopulationandcommunity/
personalandhouseholdfinances/incomeandwealth/bulletins/
householddisposableincomeandinequality/financialyearending2022)
DO NOT WRITE IN THIS AREA
4
🞍🞍🞍🞍
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller papersbybree. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
