Edexcel A Level Economics B Paper 2: Competing in the global economy June 2022 question paper 9EB0/02

Using the data from Extract A, calculate to two decimal places the UK GDP per capita for 2017. You are advised to show your working.

Sector
Average hourly wage

Figure 1 shows the average hourly wage for different sectors of the UK economy in 2021.

Calculate the median hourly wage for the service sector only. You are advised to show your workings.

Using the data in Extract D, calculate the difference in the percentage change in labour productivity for the UK and Denmark between 2015 and 2018. You are advised to show your working.

Analyse two factors influencing labour productivity in either Denmark or the UK.

Discuss the likely impact of low productivity on economic growth in the UK between 2015 and 2018.

Assess the usefulness of the GINI coefficient as a measure of absolute and relative poverty.

The UK has a legal minimum wage. Denmark has no legal minimum wage.

Assess the impact of a minimum wage on income inequality.

With reference to Extract B and using a suitable diagram, assess the likely economic impact of the level of investment in Denmark.

Evaluate the importance of wage costs in influencing the location of manufacturing firms.

Evaluate the impact of low or negative economic growth upon a developing economy such as Brazil.