Qualification > Commerce

ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

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elemis:

--- Quote from: aangel42 on June 08, 2010, 10:03:47 am ---Wow thanks, you developed that really well, +rep!!!

Also, people, aren't past papers kind of useless, seeing as the mark schemes are so vague and basically just repeat the question instead of providing a correct answer?  ???  >:(

--- End quote ---

Look at the examiner's report ;)

Aayesha:
describe the aims of govt policy. Eg. Price stability, Full employment, economic growth , redistribution of income.

elemis:

--- Quote from: Aayesha on June 08, 2010, 10:15:25 am ---describe the aims of govt policy. Eg. Price stability, Full employment, economic growth , redistribution of income.



--- End quote ---

I am sure you know what those mean. Just quickly define and explain them, for example :

One aim of the government is to maintain price stability by ensuring that inflation is kept as low as possible. Inflation is a sustained rise in the general level of prices in an economy ever a period of time. High inflation can cause a fall in the purchasing power of money and hence affect the number of commodities a consumer can buy thus causing a fall in living standards.

Like that you would do it for 2 more and you'd get 6 marks ;)

elemis:
Could someone please provide me with the drawbacks of using the following to measure development of an economy:

GDP per Capita

HDI

Thank You !

J.Darren:

--- Quote from: Aayesha on June 08, 2010, 10:15:25 am ---describe the aims of govt policy. Eg. Price stability, Full employment, economic growth , redistribution of income.



--- End quote ---
Don't forget trade balance :D

18 hours to go .v.

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