IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: aquarian93 on June 12, 2009, 02:06:29 pm
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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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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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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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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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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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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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Both right!^^
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omg! i did so well comparing the answers with you guys!! WOW!!!
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I THink its exports....def...
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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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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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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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Both right!^^
omg, cool! thanks! so the development thing is right as well? nice, thanks :)
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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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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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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...=/
yea even i thoght that, but he was keen to repay it rite, so if he got an increase, it would be an even better opportunity for him to repay it, and get rid of it. but if the prices of "essential" goods increased, like food, he would hav no choice. jus my opinion k :)
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
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But its ok because by the looks of it I got everything else correct( Comparing the answers with you guys!)
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
For that question you were basically deriving the answer from C + I+ G+ (X-M)
And it was a closed economy so we can then eliminate (two X-M) from the equation. They'd mentioned the other ones so only government expenditure if left.
Sorry if people have already said this before, I'm just explaining.
Even I got one wrong; i'm not sure if its the only one though. It's the one about the person who is keen to pay back etc...
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i still think its the other one but its ok its too late anyway@!!!
lol i screwed up in physics big time!!!!
anyway lets all just forget about htis since we can worry after we get our results
though i think well still do ok..)
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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
Oh, really? I read the questions 4-5 times, didnt see any thing about closed economy at all... Think I screwed that up than.
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I think the GDP one is government spending.
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
It doesnt need to be, Examiner *censored* was just testing our theoretical knowledge, weather we knew what closed economy is, I didnt even read the question, about the person who is willing to pay back the debt, It is higher salary, If the price of the goods increase, say chocolates or chips, (because it never said anything about ESSENTIAL goods, we take it as general price increase), he will spend less, the only logical answer is Higher salary, as more money means he has more disposable income to spend.
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
It doesnt need to be, Examiner *censored* was just testing our theoretical knowledge, weather we knew what closed economy is, I didnt even read the question, about the person who is willing to pay back the debt, It is higher salary, If the price of the goods increase, say chocolates or chips, (because it never said anything about ESSENTIAL goods, we take it as general price increase), he will spend less, the only logical answer is Higher salary, as more money means he has more disposable income to spend.
im sure it said ESSENTIAL goods
:)
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
It doesnt need to be, Examiner *censored* was just testing our theoretical knowledge, weather we knew what closed economy is, I didnt even read the question, about the person who is willing to pay back the debt, It is higher salary, If the price of the goods increase, say chocolates or chips, (because it never said anything about ESSENTIAL goods, we take it as general price increase), he will spend less, the only logical answer is Higher salary, as more money means he has more disposable income to spend.
im sure it said ESSENTIAL goods
:)
haha, ok if it makes you sleep better at night, it did. ::)
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
It doesnt need to be, Examiner *censored* was just testing our theoretical knowledge, weather we knew what closed economy is, I didnt even read the question, about the person who is willing to pay back the debt, It is higher salary, If the price of the goods increase, say chocolates or chips, (because it never said anything about ESSENTIAL goods, we take it as general price increase), he will spend less, the only logical answer is Higher salary, as more money means he has more disposable income to spend.
im sure it said ESSENTIAL goods
:)
haha, ok if it makes you sleep better at night, it did. ::)
omg, pls dont take it in a negative way okie, im jus saying i thoght it sed dat. no worries :) :) good luck for results!
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AHHHHHHHHH, I GOT 3 PTS OFF, BUH OH WELL. :/
lol.
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to all those people saying tht its puble expenditure then why did the question say
gross investment??? shouldnt it include the public expenditure also>???/
atleast part of it.
and in real life u cant have NO exports thats not very convincing .
Haha guys it's okay; even I said higher salary but I can see where the essential goods people are coming from. It did say essential goods though...it's just that the higher salary was the first thing that popped to my mind when I read the question :)
Oh well.
Fingers crossed.
It doesnt need to be, Examiner *censored* was just testing our theoretical knowledge, weather we knew what closed economy is, I didnt even read the question, about the person who is willing to pay back the debt, It is higher salary, If the price of the goods increase, say chocolates or chips, (because it never said anything about ESSENTIAL goods, we take it as general price increase), he will spend less, the only logical answer is Higher salary, as more money means he has more disposable income to spend.
im sure it said ESSENTIAL goods
:)
haha, ok if it makes you sleep better at night, it did. ::)
omg, pls dont take it in a negative way okie, im jus saying i thoght it sed dat. no worries :) :) good luck for results!
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hehe yea :)
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bt guys, how cum very few ppl are discussing this time, its so empty ???
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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.
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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 (:
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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?
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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?
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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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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
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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