Pearson Edexcel Level 3 GCE 9EB0/02 2022 Economics B Advanced PAPER 2: Competing in the global economy

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Answer ALL questions. SECTION A Read the following extracts (A to D) before answering Question 1. Write your answers in the spaces provided. Extract A Health and the macroeconomy In 2017, the to... tal Gross Domestic Product (GDP) of the United Kingdom (UK) was £2.12tn with a population of 66 million. Since then there has been an increase in homelessness, rough sleeping and in the number of food banks. Thousands of poor families now live in accommodation far away from their jobs and from the schools their children attend. Close to 40% of children were predicted to be living in poverty in 2021. Life expectancy has also fallen among the lowest income groups. According to human resource managers, many employers fail to see the link between employee wellbeing and productivity. Political parties seem indifferent to inequality, which has left large numbers of low income people experiencing poor living standards. This is not just true for the UK but for almost all the countries in the Organisation for Economic Co-operation and Development (OECD), albeit to different degrees. Fiscal policies in some countries have helped to reduce poverty and decrease inequality, while in others poverty has increased and so has inequality [Show More]

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