Qualification > Commerce
economics pastpaper doubts!
Dasith:
GOOd , ;D
Tohru Kyo Sohma:
i have another question:
may/june 2009 P21 qns1 c part 1 i got the part that it increased but the markscheme said from under to over 50% or from approx 40% to 60% in total...???how d we calculate the percentage!!
Tohru Kyo Sohma:
(a) With the aid of a diagram, explain why an economy’s floating exchange rate may depreciate.
[8]
(b) Discuss whether a current account deficit is always a serious economic problem for a
country. [12]
can i get like a model answer for it!!!i just want to see and get an idea of how to write it!!
Dasith:
--- Quote from: mimiswift on May 12, 2011, 10:30:10 am ---i have another question:
may/june 2009 P21 qns1 c part 1 i got the part that it increased but the markscheme said from under to over 50% or from approx 40% to 60% in total...???how d we calculate the percentage!!
--- End quote ---
There are different ways of showing it , but i think the marking scheme took it this way
Total exports in 2002 = 18 (approx)
total copper exports = 7
7/ 18 x 100 = 38.8%
total exports in 2005 = 40
total coppoe xpots = 23
23/40 =57.5%
it dosent matter about the % u just hav to show how u got it !!
so as u can see its obviously from under 50% to over 50% by 2005 :D got it?
Dasith:
--- Quote from: mimiswift on May 12, 2011, 11:32:27 am ---(a) With the aid of a diagram, explain why an economy’s floating exchange rate may depreciate.
[8]
(b) Discuss whether a current account deficit is always a serious economic problem for a
country. [12]
can i get like a model answer for it!!!i just want to see and get an idea of how to write it!!
--- End quote ---
k i totally suck @ writing :S , By the way heres hw i would ans the question, u might just get some points out of it...
a) i would define wat exchange rate is then ; wat floating exchange rate is how it works i.e Demand & supply for our currency in world market .(i'd jump straight to diagram because i ha8 wrting :P )
draw a diagram with elastic supply & demand for currency, explain wat is likely to happen when demand falls.
i.e to the value of our currency.Give reasons as to why it is likely to depreciate , eg reduction in tarriff or govenment encouragement to export.& explain y a elastic demand is likely to depreciate it more than an inelastic demand
Draw an exchange rate with inelastic demand.explain how a reduction in demand / supply effects exchange rate. next i might describe how demand for our currency would be reduced / supply increased .
& that might be it !!
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