OCR A Level Economics Macroeconomics H460/02 - 6 Jun 2022 [Exam Chat]

How was it u beans eds?

Reply 2

smzzo

1

anyone do the reducing tax rates question? if so, was it contractionary or expansionary fiscal policy?

(edited 1 year ago)

Reply 3

Anonymous37853

Original post by smzzo

anyone do the reducing tax rates question? if so, was it contractionary or expansionary fiscal policy?

Expansionary

Reply 4

Anonymous37853

Did anyone do the 2nd 25 marker on growth and development. I felt I kinda waffled because one of my analysis was on how unemployment could reduce development and final eval was how the economic growth may be short run and therefore not as effective. Also did anyone else run out of time?

Reply 5

Adamh0205

2

That exam was easy apart from the first god damn question.

Reply 6

Anonymount862

What did u all write for the 12 and 8 markers?

(edited 1 year ago)

Reply 7

Did we all get 1.78% or 1.8% for the inflation rate question
Also I felt like there was a wide range of arguments to choose from for the 8 marker when writing. Idk if
I have mine right tbh it was a confusing as **** quesiton intitially.
the 25s were good and the 12 was decent

(edited 1 year ago)

Reply 8

Original post by Adamh0205

That exam was easy apart from the first god damn question.

Would not call it easy but definitely harder than the first paper. I reckon the themes paper will be easier than this one. I know many wont agree but globalisation and exchange rates are much easier than trade and protectionism

Reply 9

Original post by smzzo

anyone do the reducing tax rates question? if so, was it contractionary or expansionary fiscal policy?

It was expansionary. Cutting taxes aims to increase economic growth during a recession.

Reply 10

Anonymount862

(Original post by Papertowel12345)Did we all get 1.78% or 1.8% for the inflation rate question
Also I felt like there was a wide range of arguments to choose from for the 8 marker when writing. Idk if
I have mine right tbh it was a confusing as **** quesiton intitially.
the 25s were good and the 12 was decent

ye i got something like that, what did. u write for the 8 and 12 markers tho? i felt like there was barely anything

Reply 11

Original post by Anonymount862

(Original post by Papertowel12345)Did we all get 1.78% or 1.8% for the inflation rate question
Also I felt like there was a wide range of arguments to choose from for the 8 marker when writing. Idk if
I have mine right tbh it was a confusing as **** quesiton intitially.
the 25s were good and the 12 was decent

ye i got something like that, what did. u write for the 8 and 12 markers tho? i felt like there was barely anything

I cant remember what I wrote for the 8 but im not sure if it was right or not. For the 12 I said it would national debt would damage the economy because it would result in higher taxes rates which would reduce growth because consumption would fall with higher taxes. For the counter I said it could lower inflation if the govt carried out contractionary fiscal policy by raising taxes and cutting spending resulting in lower demand pull inflation.

Tbh i think people are not being honest with themselves on how the test went. I think it was harder than the micro test but not a disaster. I would call it moderate. Besides there is no reason to panic we still have themes to do and the grade boundaries for ocr economics have fallen in recent years with them being 62% overall for an A last year. My guess is that 64/65% will be an A and 75% A*

(edited 1 year ago)

Reply 12

Anonymount862

Original post by Papertowel12345

I cant remember what I wrote for the 8 but im not sure if it was right or not. For the 12 I said it would national debt would damage the economy because it would result in higher taxes rates which would reduce growth because consumption would fall with higher taxes. For the counter I said it could lower inflation if the govt carried out contractionary fiscal policy by raising taxes and cutting spending resulting in lower demand pull inflation.

Tbh i think people are not being honest with themselves on how the test went. I think it was harder than the micro test but not a disaster. I would call it moderate. Besides there is no reason to panic we still have themes to do and the grade boundaries for ocr economics have fallen in recent years with them being 62% overall for an A last year. My guess is that 64/65% will be an A and 75% A*

that sounds like a really good answer though, also ye i think the grade bounderies will be between 2019 and 2020

(edited 1 year ago)

Reply 13

GElisabeth

2

What did you put for the question about the relationship between the Gini Coefficient and economic growth?

Reply 14

Original post by GElisabeth

What did you put for the question about the relationship between the Gini Coefficient and economic growth?

This one i was a bit unsure on but i said there was no clear relationship because some countries had similar gini coeffiecients but significant differences in growth e.g. The UK and Mongolia. I think i got half marks for that question not too sure tbh

Reply 15

NOICELYDONEBM

5

I talked about if the funds borrowed finance growth then it may not be harmful talked about multipliers and accelerator. Evaluated with confidenceThen crowding out. Evaluated with the Japan thing

Reply 16

NOICELYDONEBM

5

(Original post by Papertowel12345)This one i was a bit unsure on but i said there was no clear relationship because some countries had similar gini coeffiecients but significant differences in growth e.g. The UK and Mongolia. I think i got half marks for that question not too sure tbh

I put as gini coeficcient fell growth rate incrased using turkey mongolia and brazil. However i pointed out UK was an anomaly which shows other things can impact growth rate other than inequality such as low confidence

Reply 17

NOICELYDONEBM

5

Original post by Anonymous37853

Did anyone do the 2nd 25 marker on growth and development. I felt I kinda waffled because one of my analysis was on how unemployment could reduce development and final eval was how the economic growth may be short run and therefore not as effective. Also did anyone else run out of time?

Yh I talked about kuznets curve first point evaluated with govt policy obj

then talked about use of natural resources for growth long run insustainability. Brought in dutch disease with export demand and perhaps even current development may be lost. Not as good as my 1st 25 marker but still decent feel like i could have linked to question more but timing is tight

Reply 18

worst nightmare