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]

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.

That's actually what I thought (:

[seanmc]

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

isnt d answer government expenditure minus tax?

[ni]

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

isnt d answer government expenditure minus tax?

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.

[Freaked12]

hey i thot that the question asked that a person decided to repay the borrowing he had from a creditcard compny so what would make him not repay and spend from his weekly wage...is this the question u all talkin abt

[Freaked12]

oo darn i got this wrong as well...i chose D


did any1 choose rise in intrest RATes..lol...i thot that was da right nswer