2025 Pearson Edexcel Level 3 GCE Economics B PAPER 2: Competing in the global economy Combined Question Paper
and Marking Scheme
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 19 May 2025
Afternoon (Time: 2 hours) Paper
reference 9EB0/02
Economics B
Advanced
PAPER 2: Competing in the global economy
You must have: Total Marks
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.
•• Answer 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
– 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
Try to answer every question.
• your answers if you have time at the end.
Turn over
P84931A
©2025 Pearson Education Ltd.
Y:1/1/1/1/
, Answer ALL questions.
SECTION A
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Read Extracts A–D in the Source Booklet before answering Question 1.
Write your answers in the spaces provided.
1 It is estimated that the income elasticity of demand (YED) for frozen food is -2.37.
(a) Using this data and data in Extract D, calculate to 2 decimal places, the likely
change in demand for frozen food in December 2022. You are advised to show
your working.
(4)
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, (b) With reference to Extract B, explain the impact of labour shortages on
aggregate supply.
(4)
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3
Turn over
, (c) With reference to Extract C, explain one reason why high food price inflation
might affect the living standards of low or fixed-income groups.
(4)
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and Marking Scheme
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 19 May 2025
Afternoon (Time: 2 hours) Paper
reference 9EB0/02
Economics B
Advanced
PAPER 2: Competing in the global economy
You must have: Total Marks
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.
•• Answer 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
– 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
Try to answer every question.
• your answers if you have time at the end.
Turn over
P84931A
©2025 Pearson Education Ltd.
Y:1/1/1/1/
, Answer ALL questions.
SECTION A
DO NOT WRITE IN THIS AREA
Read Extracts A–D in the Source Booklet before answering Question 1.
Write your answers in the spaces provided.
1 It is estimated that the income elasticity of demand (YED) for frozen food is -2.37.
(a) Using this data and data in Extract D, calculate to 2 decimal places, the likely
change in demand for frozen food in December 2022. You are advised to show
your working.
(4)
............................................................................................................................... ............................................................................................................................... ......................
............................................................................................................................... ............................................................................................................................... ......................
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2
, (b) With reference to Extract B, explain the impact of labour shortages on
aggregate supply.
(4)
DO NOT WRITE IN THIS AREA
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3
Turn over
, (c) With reference to Extract C, explain one reason why high food price inflation
might affect the living standards of low or fixed-income groups.
(4)
DO NOT WRITE IN THIS AREA
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