Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
hmh:
--- Quote from: alex000 on June 05, 2009, 11:46:01 am ---hi, does actual economic growth take inflation into account? Thank You :S
--- End quote ---
nid's right. Also, Over time, the growth in GDP causes inflation, and inflation begets hyperinflation. Once this process is in place, it can quickly become a self-reinforcing feedback loop. This is because in a world where inflation is increasing, people will spend more money because they know that it will be less valuable in the future. This causes further increases in GDP in the short term, bringing about further price increases. Also, the effects of inflation are not linear; 10% inflation is much more than twice as harmful as 5% inflation.
Hope tht helps :)
ni:
--- Quote from: hmh on June 05, 2009, 11:05:50 am ---
--- Quote from: ni on June 05, 2009, 11:02:34 am ---Has anyone bothered making a sort of 'list' for questions that come up regularly?
--- End quote ---
lol.. i dnt think anyone has " bothered".. but thx for the idea.. i will make and post it today and u can hav a look!
Hope tht wil help. GUd Luck!
--- End quote ---
Wow, thanks! Lol, I didn't mean bothered exactly :P Just that it seems like the questions are repeats but still the mark schemes sometimes changes and all.
hmh:
--- Quote from: ni on June 05, 2009, 12:25:30 pm ---
--- Quote from: hmh on June 05, 2009, 11:05:50 am ---
--- Quote from: ni on June 05, 2009, 11:02:34 am ---Has anyone bothered making a sort of 'list' for questions that come up regularly?
--- End quote ---
lol.. i dnt think anyone has " bothered".. but thx for the idea.. i will make and post it today and u can hav a look!
Hope tht wil help. GUd Luck!
--- End quote ---
Wow, thanks! Lol, I didn't mean bothered exactly :P Just that it seems like the questions are repeats but still the mark schemes sometimes changes and all.
--- End quote ---
yea dnt worry m8.. will be posting it soon too. GUD LUCK
alex000:
--- Quote from: hmh on June 05, 2009, 12:05:25 pm ---
--- Quote from: alex000 on June 05, 2009, 11:46:01 am ---hi, does actual economic growth take inflation into account? Thank You :S
--- End quote ---
nid's right. Also, Over time, the growth in GDP causes inflation, and inflation begets hyperinflation. Once this process is in place, it can quickly become a self-reinforcing feedback loop. This is because in a world where inflation is increasing, people will spend more money because they know that it will be less valuable in the future. This causes further increases in GDP in the short term, bringing about further price increases. Also, the effects of inflation are not linear; 10% inflation is much more than twice as harmful as 5% inflation.
Hope tht helps :)
--- End quote ---
Thanks guys just getting all my definitions together :D
icyblind:
can someone tell me the difference By the way inelastic demand and elastic demand, inelastic price and elastic price.
Thanks
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