IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: krtcobain82 on May 23, 2011, 06:20:24 pm
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Guys I need explanations for the following questions.
It's from oct/nov 2010
http://www.xtremepapers.me/CIE/index.php?dir=International%20A%20And%20AS%20Level/9708%20-%20Economics/&file=9708_w10_qp_11.pdf
Question no 3, 7, 23 and 24.
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ANS:
3= (D) because as u can see more items of consumer goods are given up as more of capital goods are produced.
Initiall/ close to zero capital goods no or nothing of consumer goods was given up
But as it increases close to PPC curve near Y axis almost all consumer goods are given up to produce
Capital goods.
7 = (B) u can calculate & see the, formulae is % change in Demand/ % change in income, Here expenditure =
Demand. Hint : it cant be the last one as it has a negetive relationship, it cant be C because it has a 0 income elasticity . As demand has 0 change to + change in income.So calculate for the other two to see if income elasticity is between 0 & 1
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for 23
my ans would be C but marking scheme gives A, wat i would think is rate of unemployment is % of working force that are are willing & able to work but cannot find work , so obviously a increase in unemployment
would decrease the people who are employed.But i think wat they mean here is not unemployment of labour as i thaught as i saw the question , they mean unemployment of all resources includiging land + labour + capital
so this would reduce effectiveness of use of resources.
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+Rep
Continue helping out! (:
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+Rep
Continue helping out! (:
hehe Thanx :D
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Guys I need explanations for the following questions.
It's from oct/nov 2010
http://www.xtremepapers.me/CIE/index.php?dir=International%20A%20And%20AS%20Level/9708%20-%20Economics/&file=9708_w10_qp_11.pdf
Question no 3, 7, 23 and 24.
hmm yea i forgot to ans the last question , ;D
Ans is C because u see the CPI (AVERAGE ) of the given items is like 4.64(23.2/5)
And see the rest of the average CPI indexes added to this should be less than 2.5, (because the current is obviosly more than the overall AVERAGE CPI of 2.5%.) IF we add greater than 2.5 but less than 4.64 it would still decrease but will never reach 2.5!!. So it should be below 2.5 to achive a target of 2.5
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Keep it up, Dasith. ;)
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Keep it up, Dasith. ;)
ohh yea i'll try to, but the posts keep going down, not up! as i keep posting lol :P ;)