Hey! Sign in to get help with your study questionsNew here? Join for free to post

AQA economics UNIT 11, 12 mark answer for marking!

Announcements Posted on
Would YOU be put off a uni with a high crime rate? First 50 to have their say get a £5 Amazon voucher! 27-10-2016
    • Thread Starter

    question = 1e
    Question paper:
    Mark scheme:

    My Answer:
    I recommend that they buy the house outside the city centre however their are reasons for and against.

    A reason for them staying moving outside the city centre is that the interest rates are low. Since the interest rates are low they are able to get a better deal on the house allowing for a reduced monthly instalments. with the smaller instalments they are able to have a more flexible expenditure which they then are able to either save their money so they can then pay it back in the future to his parents.

    Another reason for them moving out is that prices are rising. Due to increase in the house prices they will need to take out a bigger loan from their parents which as a result they are going to need to repay back his father more. So it is better that they get the house now so they are able to benefit from the lower house price.

    However if Adam and Claire purchase the house they may not be able to meet their installments. Due to their young age they won’t have a large income so after they put down the deposit it may be difficult for them to meet the monthly instalments causing them to loose the house.

    Another reason against the purchasing on the house is that they will need to need use money on transport. In order to get to their workplaces they are going to need to spend money on transport which could further set them back on their monthly instalments potentially making them lose their house.

    In conclusion i think they should buy the house as it will allow them to benefit from the lower interest rates as they won’t have as much to pay back in interest. therefore they won’t need to limit their expenditure in the future. In order to increase the amount of money they have access to, they could reduce the frequency of which they go out in the night and use the money to help payback Adam’s father.

    This is a really good answer. Make sure that you have a clear structure
    Your opinion
    Reasons for your opinion
    reasons against your opinion
    overall/in conclusion
    Make sure that you use information from the Item. You can quote it if you want
    Overall a very good answer. This would receive 10-12 marks.
Write a reply…


Submit reply


Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: May 24, 2016
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Would you rather be able to

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.