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 8 June 2020
Morning (Time: 2 hours) Paper Reference 9EB0/03
Economics B
Advanced
Paper 3: The economic environment and business
You must have: Total Marks
Insert (enclosed)
Instructions
• Use black ink or ball-point pen.
• centre
Fill in the boxes at the top of this page with your name,
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.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
*P61853RA0128*
P61853RA
©2020 Pearson Education Ltd.
1/1/1/1/1/
, Answer ALL questions.
SECTION A
Read the following extracts (A to E) before answering Question 1.
Write your answers in the spaces provided.
Extract A
UK average house prices
£250 000
£200 000
£150 000
£100 000
£50 000
£0
1975
1980
1985
1990
1995
2000
2005
2010
2015
2017
(Source: https://www.economicshelp.org/blog/2197/housing/rising-house-prices/)
UK house price to earnings ratio
11.0
London
9.0 UK
House price/earnings ratio
North
7.0
5.0
3.0
1.0
–1.0
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
(Source: adapted from https://www.economicshelp.org/blog/2197/housing/rising-house-prices/)
2
*P61853RA0228*
, Extract B
Skills shortages harming UK business, employers warn in 2018
Britain’s employers have warned that severe skills shortages are holding back the
economy. The latest official figures showed the biggest fall in the number of workers from
Eastern Europe since modern records began.
The British Chambers of Commerce (BCC) and the Federation of Small Businesses (FSB)
urged the government to deliver a post-Brexit migration system to meet their needs 5
amid signs that the fall in unemployment in recent years was putting upward pressure on
wages.
Suren Thiru, head of economics at the BCC said: “There is clear evidence of a deep-rooted
skills gap across the UK which is harming business growth.”
In its latest update on the state of the labour market, the Office for National Statistics 10
revealed that during 2018, the number of workers in the UK from former Soviet bloc
countries had fallen by 154,000 to 881,000.
The additional 132,000 fall in the number of workers from the EU as a whole was also
unprecedented. Employment from the rest of the world grew by 34,000.
(Source: adapted from https://www.theguardian.com/business/2018/nov/13/workers-eastern-europe-uk-eu-
employment-pay-growth)
3
*P61853RA0328* Turn over
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel
Level 3 GCE
Monday 8 June 2020
Morning (Time: 2 hours) Paper Reference 9EB0/03
Economics B
Advanced
Paper 3: The economic environment and business
You must have: Total Marks
Insert (enclosed)
Instructions
• Use black ink or ball-point pen.
• centre
Fill in the boxes at the top of this page with your name,
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.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
*P61853RA0128*
P61853RA
©2020 Pearson Education Ltd.
1/1/1/1/1/
, Answer ALL questions.
SECTION A
Read the following extracts (A to E) before answering Question 1.
Write your answers in the spaces provided.
Extract A
UK average house prices
£250 000
£200 000
£150 000
£100 000
£50 000
£0
1975
1980
1985
1990
1995
2000
2005
2010
2015
2017
(Source: https://www.economicshelp.org/blog/2197/housing/rising-house-prices/)
UK house price to earnings ratio
11.0
London
9.0 UK
House price/earnings ratio
North
7.0
5.0
3.0
1.0
–1.0
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
(Source: adapted from https://www.economicshelp.org/blog/2197/housing/rising-house-prices/)
2
*P61853RA0228*
, Extract B
Skills shortages harming UK business, employers warn in 2018
Britain’s employers have warned that severe skills shortages are holding back the
economy. The latest official figures showed the biggest fall in the number of workers from
Eastern Europe since modern records began.
The British Chambers of Commerce (BCC) and the Federation of Small Businesses (FSB)
urged the government to deliver a post-Brexit migration system to meet their needs 5
amid signs that the fall in unemployment in recent years was putting upward pressure on
wages.
Suren Thiru, head of economics at the BCC said: “There is clear evidence of a deep-rooted
skills gap across the UK which is harming business growth.”
In its latest update on the state of the labour market, the Office for National Statistics 10
revealed that during 2018, the number of workers in the UK from former Soviet bloc
countries had fallen by 154,000 to 881,000.
The additional 132,000 fall in the number of workers from the EU as a whole was also
unprecedented. Employment from the rest of the world grew by 34,000.
(Source: adapted from https://www.theguardian.com/business/2018/nov/13/workers-eastern-europe-uk-eu-
employment-pay-growth)
3
*P61853RA0328* Turn over
