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 18 May 2026
9EC0/02 Mark Scheme (Results)
Afternoon (Time: 2 hours) Paper
reference
Economics A
Advanced
PAPER 2: The National and Global Economy
You must have: Total Marks
Summer 2026
Source Booklet (enclosed)
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C. Pearson Edexcel GCE A Level In Economics
• Answer the questions in the spaces provided
– there may be more space than you need. The National and Global Economy
Information 9EC0_02
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P79936APearson Education Ltd.
P:1/1/1/1/1
*P79936A0132*
, Edexcel and BTEC Qualifications
SECTION A Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding
Answer ALL questions. Write your answers in the spaces provided. body. We provide a wide range of qualifications including academic, vocational,
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
occupational and specific programmes for employers. For further information visit our
Some questions must be answered with a cross in a box . If you change your mind about an qualifications websites at or . Alternatively, you can get
answer, put a line through the box and then mark your new answer with a cross . in touch with us using the details on our contact us page at
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant. You may annotate and
include diagrams in your answers.
1 In December 2023, President Biden announced $8.2 billion in new funding for 10
major passenger rail projects across the USA. This includes building the USA’s first
high-speed rail system, between California and Nevada, which will serve more than
11 million passengers annually.
(Source: adapted from )
(a) Draw an aggregate demand and aggregate supply diagram to illustrate the
impact of this government spending on price level and real output.
Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company. Our aim is to help everyone
(4)
progress in their lives through education. We believe in every kind of learning, for all kinds
of people, wherever they are in the world. We’ve been involved in education for over 150
years, and by working across 70 countries, in 100 languages, we have built an international
reputation for our commitment to high standards and raising achievement through
innovation in education. Find out more about how we can help you and your students at:
June 2026
Question Paper Log Number P79936A
Publications Code 9EC0_02_2606_MS
All the material in this publication is
Pearson Education Ltd 2026
2
*P79936A0232*
, General Marking Guidance
● All candidates must receive the same treatment. Examiners must mark the first
(b) Which one of the following is most likely to cause an increase in long-run candidate in exactly the same way as they mark the last.
aggregate supply?
● Mark schemes should be applied positively. Candidates must be rewarded for what
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
An increase in: they have shown they can do rather than penalised for omissions.
(1) ● Examiners should mark according to the mark scheme not according to their
A direct taxes perception of where the grade boundaries may lie.
B income tax ● There is no ceiling on achievement. All marks on the mark scheme should be used
appropriately.
C interest rates ● All the marks on the mark scheme are designed to be awarded. Examiners should
D spending on education always award full marks if deserved, i.e. if the answer matches the mark scheme.
Examiners should also be prepared to award zero marks if the candidate’s response is
(Total for Question 1 = 5 marks)
not worthy of credit according to the mark scheme.
● Where some judgement is required, mark schemes will provide the principles by
which marks will be awarded and exemplification may be limited.
● When examiners are in doubt regarding the application of the mark scheme to a
candidate’s response, the team leader must be consulted.
● Crossed out work should be marked UNLESS the candidate has replaced it with an
alternative response.
3
*P79936A0332* Turn over
, 2 In February 2024 Kenya’s currency, the shilling, rose to its highest level against the
US dollar since June 2023. To counteract this, Kenya’s central bank intervened in the Question Answer Mark
foreign exchange market, purchasing US dollars. Number
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
1(a) Knowledge 2, Application 2
(Source: adapted from
bank-buys-dollars-curb-volatility-shilling-rallies-2024-02-15/) Knowledge/understanding:
(a) With reference to the data above, explain the likely impact of this foreign currency
● Correct labels on axes (1)
intervention on Kenya’s current account of the balance of payments.
(4) ● Correct shift of the curve(s) (1)
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Application:
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
● Showing change in price level (1) and real output
(1) For example:
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
NB Other AS curves are acceptable
(b) Which one of the following is most likely to increase the volume of Kenya’s NB An increase in AD is also acceptable
exports?
NB A correct shift in both AD and AS is also acceptable (4)
An increase in:
(1)
A inflation Question Answer Mark
Number
B Kenya’s corporation tax 1(b) The only correct answer is D
C labour costs
A is not correct because this would be likely to reduce AS
D tourism to Kenya
B is not correct because this would be likely to reduce AS
(Total for Question 2 = 5 marks)
C is not correct because this would be likely to reduce AS (1)
4
*P79936A0432*
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Monday 18 May 2026
9EC0/02 Mark Scheme (Results)
Afternoon (Time: 2 hours) Paper
reference
Economics A
Advanced
PAPER 2: The National and Global Economy
You must have: Total Marks
Summer 2026
Source Booklet (enclosed)
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• There are three sections in this question paper. Answer all questions from
Section A and Section B. Answer one question from Section C. Pearson Edexcel GCE A Level In Economics
• Answer the questions in the spaces provided
– there may be more space than you need. The National and Global Economy
Information 9EC0_02
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• Calculators may be used.
Advice
•• Read each question carefully before you start to answer it.
Check your answers if you have time at the end.
Turn over
P79936APearson Education Ltd.
P:1/1/1/1/1
*P79936A0132*
, Edexcel and BTEC Qualifications
SECTION A Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding
Answer ALL questions. Write your answers in the spaces provided. body. We provide a wide range of qualifications including academic, vocational,
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
occupational and specific programmes for employers. For further information visit our
Some questions must be answered with a cross in a box . If you change your mind about an qualifications websites at or . Alternatively, you can get
answer, put a line through the box and then mark your new answer with a cross . in touch with us using the details on our contact us page at
You are advised to spend 30 minutes on this section.
Use the data to support your answers where relevant. You may annotate and
include diagrams in your answers.
1 In December 2023, President Biden announced $8.2 billion in new funding for 10
major passenger rail projects across the USA. This includes building the USA’s first
high-speed rail system, between California and Nevada, which will serve more than
11 million passengers annually.
(Source: adapted from )
(a) Draw an aggregate demand and aggregate supply diagram to illustrate the
impact of this government spending on price level and real output.
Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company. Our aim is to help everyone
(4)
progress in their lives through education. We believe in every kind of learning, for all kinds
of people, wherever they are in the world. We’ve been involved in education for over 150
years, and by working across 70 countries, in 100 languages, we have built an international
reputation for our commitment to high standards and raising achievement through
innovation in education. Find out more about how we can help you and your students at:
June 2026
Question Paper Log Number P79936A
Publications Code 9EC0_02_2606_MS
All the material in this publication is
Pearson Education Ltd 2026
2
*P79936A0232*
, General Marking Guidance
● All candidates must receive the same treatment. Examiners must mark the first
(b) Which one of the following is most likely to cause an increase in long-run candidate in exactly the same way as they mark the last.
aggregate supply?
● Mark schemes should be applied positively. Candidates must be rewarded for what
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
An increase in: they have shown they can do rather than penalised for omissions.
(1) ● Examiners should mark according to the mark scheme not according to their
A direct taxes perception of where the grade boundaries may lie.
B income tax ● There is no ceiling on achievement. All marks on the mark scheme should be used
appropriately.
C interest rates ● All the marks on the mark scheme are designed to be awarded. Examiners should
D spending on education always award full marks if deserved, i.e. if the answer matches the mark scheme.
Examiners should also be prepared to award zero marks if the candidate’s response is
(Total for Question 1 = 5 marks)
not worthy of credit according to the mark scheme.
● Where some judgement is required, mark schemes will provide the principles by
which marks will be awarded and exemplification may be limited.
● When examiners are in doubt regarding the application of the mark scheme to a
candidate’s response, the team leader must be consulted.
● Crossed out work should be marked UNLESS the candidate has replaced it with an
alternative response.
3
*P79936A0332* Turn over
, 2 In February 2024 Kenya’s currency, the shilling, rose to its highest level against the
US dollar since June 2023. To counteract this, Kenya’s central bank intervened in the Question Answer Mark
foreign exchange market, purchasing US dollars. Number
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
1(a) Knowledge 2, Application 2
(Source: adapted from
bank-buys-dollars-curb-volatility-shilling-rallies-2024-02-15/) Knowledge/understanding:
(a) With reference to the data above, explain the likely impact of this foreign currency
● Correct labels on axes (1)
intervention on Kenya’s current account of the balance of payments.
(4) ● Correct shift of the curve(s) (1)
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Application:
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
● Showing change in price level (1) and real output
(1) For example:
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
NB Other AS curves are acceptable
(b) Which one of the following is most likely to increase the volume of Kenya’s NB An increase in AD is also acceptable
exports?
NB A correct shift in both AD and AS is also acceptable (4)
An increase in:
(1)
A inflation Question Answer Mark
Number
B Kenya’s corporation tax 1(b) The only correct answer is D
C labour costs
A is not correct because this would be likely to reduce AS
D tourism to Kenya
B is not correct because this would be likely to reduce AS
(Total for Question 2 = 5 marks)
C is not correct because this would be likely to reduce AS (1)
4
*P79936A0432*
