Economics A-level Paper 1 MCQ

[krtcobain82]

Guys I need explanations for the following questions.

It's from oct/nov 2010

http://www.xtremepapers.me/CIE/index.php?dir=International%20A%20And%20AS%20Level/9708%20-%20Economics/&file=9708_w10_qp_11.pdf


Question no  3, 7, 23 and 24.

[Dasith]

ANS:

3= (D) because as u can see more items of consumer goods are given up as more of capital goods are produced.
          Initiall/ close to zero capital goods no or nothing of consumer goods was given up
          But as it increases close to PPC curve near Y axis almost all consumer goods are given up to produce
          Capital goods.

7 = (B) u can calculate & see the, formulae is % change in Demand/ % change in income, Here expenditure =
       Demand. Hint : it cant be the last one as it has a negetive relationship, it cant be C because it has a 0            income elasticity . As demand has 0 change to + change in income.So calculate for the other two to see if income elasticity is between 0 & 1

[Dasith]

for 23
my ans would be C but marking scheme gives A, wat i would think is rate of unemployment is % of working force that are are willing & able to work but cannot find work , so obviously a increase in unemployment
would decrease the people who are employed.But i think wat they mean here is not unemployment of labour as i thaught as i saw the question , they mean unemployment of all resources includiging land + labour + capital
so this would reduce effectiveness of use of resources.

[Dibss]

+Rep
Continue helping out! (:

[Dasith]

+Rep
Continue helping out! (:

hehe Thanx

[Dasith]

Guys I need explanations for the following questions.

It's from oct/nov 2010

http://www.xtremepapers.me/CIE/index.php?dir=International%20A%20And%20AS%20Level/9708%20-%20Economics/&file=9708_w10_qp_11.pdf


Question no  3, 7, 23 and 24.

hmm yea i forgot to ans the last question ,

Ans is C because u see the CPI (AVERAGE ) of the given items is like 4.64(23.2/5)
            And see the rest of the average CPI indexes added to this should be less than 2.5, (because the current is obviosly more than the overall AVERAGE CPI of 2.5%.) IF we add greater than 2.5 but less than 4.64 it would still decrease but will never reach 2.5!!. So it should be below 2.5 to achive a target of 2.5

[Crooked]

Keep it up, Dasith.

[Dasith]

Keep it up, Dasith.

ohh yea i'll try to, but the posts keep going down, not up! as i keep posting lol