[kanamandy]

(Original post by roy2)
But a rise in private sector consumption DOES lead to an increase in AD...

Yes it's true but the question asked about the growth in productivity, the economic growth...mainly about supply-side. And I think private sector consumption does not mean the investment which to develop further development. Anyway, the exam's over.

[roy2]

(Original post by kanamandy)
Yes it's true but the question asked about the growth in productivity, the economic growth...mainly about supply-side. And I think private sector consumption does not mean the investment which to develop further development. Anyway, the exam's over.

Yeah exactly, I focsed on supply side benefits too, i.e higher revenue for government without increasing tax rates, therefore using this money for spending on other projects which would shift LRAS curve right. Did you write something along the same lines ?

[kanamandy]

(Original post by roy2)
Yeah exactly, I focsed on supply side benefits too, i.e higher revenue for government without increasing tax rates, therefore using this money for spending on other projects which would shift LRAS curve right. Did you write something along the same lines ?

umm, I might do it but I do not remember clearly what I wrote now. :/ Really sorry

[imsosuperman]

the mark scheme says the sustained growth question was about living standards and rising income per head... fml.

[Just Josh]

(Original post by imsosuperman)
the mark scheme says the sustained growth question was about living standards and rising income per head... fml.

do you remember which question the sustained growth one was?

[roy2]

(Original post by imsosuperman)
the mark scheme says the sustained growth question was about living standards and rising income per head... fml.

Where is the mark scheme ?

[kanamandy]

(Original post by imsosuperman)
the mark scheme says the sustained growth question was about living standards and rising income per head... fml.

have you seen the mark scheme... by the way, does anyone have the question paper?

[roy2]

It's impossible for the mark scheme to be out yet.... put it up if you can please ?

[sophiemassey]

(Original post by kanamandy)
have you seen the mark scheme... by the way, does anyone have the question paper?

I wish

Every time I ask if I can keep it because it's only going to be either thrown out or given to my teacher anyway and everytime she looks at me as if I've sworn witchcraft up on her first grandchild or something.

[Alpha5]

This was one of them papers where you can't really tell if you have killed it or not? Just have to wait and see! I though section B was a little harder than normal considering most people would have expected fiscal, monetary pol and not BOP, unemployment and exchange rates.

[maverickdave]

(Original post by tonyadam)
oh yeh and finally, did anyone mention for india question in conclusion, something along the lines that if india do not reduce protectionism then their economic growth will not be of any importance to the UK and thus other markets around world will be more important such as US and EU...........

i sort of wrote it differently that it may be unimportant however that's if they are doing tariffs against all country's if its against the UK only then it may affect us more as other country will get better trade and the UK will be left behind.

[SeeTin]

does anyone have the mark scheme for jan 2012 econ 4 exam ?