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Author Topic: ECO PAPER 1  (Read 7621 times)

Offline aquarian93

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ECO PAPER 1
« on: June 12, 2009, 02:06:29 pm »
hey guys, its more than 24 hours, so strt discussing if u hav any doubts.

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

:) :)
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Offline CrEaTuRe_X

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Re: ECO PAPER 1
« Reply #1 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.
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Offline qwert101

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Re: ECO PAPER 1
« Reply #2 on: June 12, 2009, 02:53:38 pm »
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.

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

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Re: ECO PAPER 1
« Reply #3 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
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Offline qwert101

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Re: ECO PAPER 1
« Reply #4 on: June 12, 2009, 02:59:27 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

finally, I thought I was all alone! :D
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Offline aquarian93

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Re: ECO PAPER 1
« Reply #5 on: June 12, 2009, 03:44:22 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

agreed! :)

and abt the development? i chose A, dat a country needs more than a high GDP to considered "developed" wat abt u guys?
and the last question abt barriers to trade, i said common regulations. hw abt u guys?
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Offline DArkdefender

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Re: ECO PAPER 1
« Reply #6 on: June 12, 2009, 05:44:12 pm »
Both right!^^
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Offline therealhyebyekadal

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Re: ECO PAPER 1
« Reply #7 on: June 12, 2009, 05:50:31 pm »
omg! i did so well comparing the answers with you guys!! WOW!!!
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PEOPLE this is hyebyekadal (LOST old pass)
Heres papers for edexcel and CIe (2000-2008)( some also have 1993)
Chem:http://uploading.com/files/YV3SJA73/Chemistry.rar.html

Offline therealhyebyekadal

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Re: ECO PAPER 1
« Reply #8 on: June 12, 2009, 06:05:19 pm »
I THink its exports....def...
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PEOPLE this is hyebyekadal (LOST old pass)
Heres papers for edexcel and CIe (2000-2008)( some also have 1993)
Chem:http://uploading.com/files/YV3SJA73/Chemistry.rar.html

Freaked12

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Re: ECO PAPER 1
« Reply #9 on: June 12, 2009, 08:35:38 pm »
its exports and imports because in the real world there is no such thing as no exports or import so it has to be B or C.2 answers :o lol
for barriers to trade i chose common regulations
for bangladesh i chose invest in education and purchase new machinery
for immidiate decrease in the working population i chose reduction in the retirement age.
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Offline bball92

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Re: ECO PAPER 1
« Reply #10 on: June 12, 2009, 09:10:27 pm »
answer is govt spending as its a CLOSED economy and the question specificaly stated the country had a PUBLIC and PRIVATE sector.
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Offline aquarian93

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Re: ECO PAPER 1
« Reply #11 on: June 13, 2009, 02:10:37 am »
Quote from: Freaked12 on June 12, 2009, 08:35:38 pm
its exports and imports because in the real world there is no such thing as no exports or import so it has to be B or C.2 answers :o lol
for barriers to trade i chose common regulations
for bangladesh i chose invest in education and purchase new machinery
for immidiate decrease in the working population i chose reduction in the retirement age.

it has to govt. expenditure tho, cuz it's a closed economy.
everything else, its the same wid wt i did :)
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Offline aquarian93

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Re: ECO PAPER 1
« Reply #12 on: June 13, 2009, 02:11:06 am »
Quote from: DArkdefender on June 12, 2009, 05:44:12 pm
Both right!^^

omg, cool! thanks! so the development thing is right as well? nice, thanks :)
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Offline aquarian93

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Re: ECO PAPER 1
« Reply #13 on: June 13, 2009, 02:12:54 am »
guys hw abt for the "credit" question? he's keen to pay it off, bt spends more instead.
i said, the prices of essential goods increased. hw abt u guys?
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Offline ni

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Re: ECO PAPER 1
« Reply #14 on: June 13, 2009, 03:19:14 am »
Quote from: aquarian93 on June 13, 2009, 02:12:54 am
guys hw abt for the "credit" question? he's keen to pay it off, bt spends more instead.
i said, the prices of essential goods increased. hw abt u guys?

Yeah some of my friends said that too!
I said that his weekly earnings would have increased though...=/
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