Qualification > Commerce

ECO PAPER 1

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aquarian93:
hey guys, its more than 24 hours, so strt discussing if u hav any doubts.

and omg, we're done wid IGCSE!!!!

:) :)

CrEaTuRe_X:
Well, I HAD these doubts, but cleared em up, all right :D, they gave a breakeven chart, the answer was 50k. The last was D, I remember. There was a question about what is included in the GDP of the country, answer was Exports only. Question about price elasticity, I wrote Price elastic NOT perfect elastic. Which was correct too, having wikipedia'd it. Guess I did good overall than.

qwert101:

--- Quote from: CrEaTuRe_X on June 12, 2009, 02:35:00 pm ---Well, I HAD these doubts, but cleared em up, all right :D, they gave a breakeven chart, the answer was 50k. The last was D, I remember. There was a question about what is included in the GDP of the country, answer was Exports only. Question about price elasticity, I wrote Price elastic NOT perfect elastic. Which was correct too, having wikipedia'd it. Guess I did good overall than.

--- End quote ---

not sure what you say abt the gdp question - what were the options

DArkdefender:
sorry to dissappoint you but the question about the GDP was total goverment expenditure,because GDP=consumption+investments+exports+goverment expenditure,and since it was a closed economy so no exports,the only total goverment expenditure left

qwert101:

--- Quote from: DArkdefender on June 12, 2009, 02:54:58 pm ---sorry to dissappoint you but the question about the GDP was total goverment expenditure,because GDP=consumption+investments+exports+goverment expenditure,and since it was a closed economy so no exports,the only total goverment expenditure left

--- End quote ---

finally, I thought I was all alone! :D

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