Qualification > Commerce
ECO PAPER 1
Fibonacci:
It did actually say essential goods. So, if their price goes up, then the man who had the debt really had to buy them, so he would'nt be able to pay his debt. the question said that his debt has gone down. the only possibility was that his weekly earnings went up because he could pay the debt and even buy some more things each week like i think it said. So answer was definately D.
ni:
--- Quote from: Fibonacci on June 13, 2009, 03:47:20 pm ---It did actually say essential goods. So, if their price goes up, then the man who had the debt really had to buy them, so he would'nt be able to pay his debt. the question said that his debt has gone down. the only possibility was that his weekly earnings went up because he could pay the debt and even buy some more things each week like i think it said. So answer was definately D.
--- End quote ---
That's actually what I thought (:
seanmc:
--- 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 ---
isnt d answer government expenditure minus tax?
ni:
--- Quote from: seanmc on June 13, 2009, 05:20:35 pm ---
--- 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 ---
isnt d answer government expenditure minus tax?
--- End quote ---
Why would you subtract tax?
CrEaTuRe_X:
You must have had a different variation, is my only answer, it sure as sh*t didn't say essential goods in my paper, otherwise I would have ticked that one.
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