Edexcel A Level Economics B Paper 2: Competing in the global economy June 2017 question paper 9EB0/02

Using the data from Extract A, calculate the balance of trade in goods for the UK in 2013. You are advised to show your working.

Explain how exporters may benefit from economies of scale. (Extract C, Lines 6-7)

Using data from Extract A, explain one reason why the UK economy can be described as developed.

Analyse why the owners of AngelBerry advise that it is ‘essential to carry out thorough research before you start exporting’.

Using a suitable diagram, discuss the likely impact of increasing net exports on the UK economy.

Assess the merits of AngelBerry ’s decision to focus upon developing economies for its growth.

Part of the £3.4m investment in the Teesside deep-water quay was provided by the UK Government.

Assess the likely impact of the investment on the local economy.

Assess the likely effectiveness of using fiscal policy to reduce the deficit in the UK balance of trade in goods.

Using Extract D, evaluate the effectiveness of GDP per capita in comparing living standards between countries.

Evaluate the likely impact of trade restrictions upon multinational firms, such as Marine Harvest.