Economics Unit 2 prediction for 17th may 2013 :)

How did you get 278? i got 178!

I thought you take the difference (80) over the original (45) then multiply by 100?

Didnt the number change by 178%? It more than doubled i think. So i just added 100 to 178. You got 178!that means the number increased by 78% i could have sworn it more than doubled

(edited 10 years ago)

Reply 341

georgen123

Did it ask in the question 1 30 marker for policy conflicts? I thought it was just 'suggest supply side policies....incl. corporation tax in your answer....to increase economic growth?

Reply 342

Brandon_RNS

Original post by georgen123

Did it ask in the question 1 30 marker for policy conflicts? I thought it was just 'suggest supply side policies....incl. corporation tax in your answer....to increase economic growth?

I didnt say **** about conficts man, it werent in the question the only way i could see you using the conflicts is in evaluation but the purpose of the question was not to list the conflicts

Reply 343

alikorkmazrt

How many raw marks do you guys think it will be for 85 UMS?

Reply 344

Farringtonn

1

Original post by sh7171

What did people put for question 2 on the first question asking how to calculate CPI? Not sure if I got all the marks

i put about the basket of goods, monthly price survey, annual family expenditure survey and weightings

Reply 345

Farringtonn

1

What did people put for the question about assessing how a decrease in real income will lead to a decrease in uk living standards?

Reply 346

ljh950912

Original post by Brandon_RNS

I didnt say **** about conficts man, it werent in the question the only way i could see you using the conflicts is in evaluation but the purpose of the question was not to list the conflicts

Yeah i used that as my eval point. As the government has less tax revenue>more budget deficit>national debt>so this could affect that future growth as the government has to repay the debt

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Reply 347

georgen123

Original post by Brandon_RNS

I didnt say **** about conficts man, it werent in the question the only way i could see you using the conflicts is in evaluation but the purpose of the question was not to list the conflicts

Phew i just put different supply side policies and evaluated but it just seemed too easy!

Reply 348

Brandon_RNS

Original post by ljh950912

Yeah i used that as my eval point. As the government has less tax revenue>more budget deficit>national debt>so this could affect that future growth as the government has to repay the debt

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Yeah same except i stopped at more budget deficit haha but ibwrote about 4 supply side policies so hopefully that makes up for it

Reply 349

Brandon_RNS

Original post by georgen123

Phew i just put different supply side policies and evaluated but it just seemed too easy!

Trust me hahaa, thats exactly why i added a introduction and 4 main points with 2 evaluation points each

Reply 350

ljh950912

Original post by Brandon_RNS

Yeah same except i stopped at more budget deficit haha but ibwrote about 4 supply side policies so hopefully that makes up for it

Yeah same

i said cooperation tax, reduction in tariff, education and cutting national minimum wage

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Reply 351

Brandon_RNS

Original post by ljh950912

Yeah same

i said cooperation tax, reduction in tariff, education and cutting national minimum wage

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Haha yeah same four points as me except the tariff one (what i dont know what the f is) i wrote about a reduction in trade unions

Reply 352

Soufflegirl

If you only wrote about 3 policies (in quite a lot of of detail) for the 30 marker would you be okay? I wrote about a reduction in corporation tax, investment in education and training and incentives (such as lower income tax and benefits). Would that be enough?

This was posted from The Student Room's iPhone/iPad App

Reply 353

ljh950912

Original post by Brandon_RNS

Haha yeah same four points as me except the tariff one (what i dont know what the f is) i wrote about a reduction in trade unions

Its basically tax on imports

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Reply 354

Soufflegirl

Also should you draw a diagram for the 30 marker? I did but everyone I talked to after didn't so was it just a waste of time?

This was posted from The Student Room's iPhone/iPad App

Reply 355

ljh950912

Original post by Soufflegirl

Also should you draw a diagram for the 30 marker? I did but everyone I talked to after didn't so was it just a waste of time?

This was posted from The Student Room's iPhone/iPad App

In the intro a diagram is worth 4 marks

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Reply 356

Brandon_RNS

Original post by Soufflegirl

If you only wrote about 3 policies (in quite a lot of of detail) for the 30 marker would you be okay? I wrote about a reduction in corporation tax, investment in education and training and incentives (such as lower income tax and benefits). Would that be enough?

This was posted from The Student Room's iPhone/iPad App

thats fine 3 points is what your supposed to do. I finished with 30 mins left so felt i might aswell go on

Reply 357

pessimist

12

Anyone else do question 2? If so, what application did you use in the 30 marker? I said that reducing the deficit would improve Environment (less investment, so less negative externalities), Improves price stability(rise in income tax would cut consumption, so less demand pull inflation) and lowers unemployment ( less govt expenditure on benefits which makes getting a job more attractive).

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