AQA Economics Unit 4 11th June 2013

You're right, just as long as people related membership of the EU to economic growth then that's what the question was asking.

So is it ok if I said leaving eu is better for economic growth and listed some point why

For inflation question I said people will import more due to high prices in the uk worsening the defecit BOP conflicting with the macroeconomic objective



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Yeah i remember the question was what causes continued deficit on the trade account. I wrote about the incorrect valuation of the exchange rate, lack of productivity in the economy and economics such as, the UK who due to past structural declines now perform better on the services section of BOP. Despite having a deficit in the balance of goods.
I put that dunno if it's right hahahhaa. What did you put?

did exactly the same points

It is, yeah, so 62/80 raw marks

I'm sorry I keep asking you about this lol, would that be an A then?

Also what would an A* and a B be?

Haha, it's okay! Are you in the same boat as me then? I need 80/100 UMS in Unit 4 for an A*, because to get an A*, you need to average 90 UMS in A2. Then for an A, I needed 40/100 UMS, because then I would be on 320/400 overall which is an A out of the 4 units. And then for a B, well I didn't need to sit the exam because I already have 280/400 UMS (95+85+100), which is a B overall because it's 70% An A* is 90%, an A is 80% and a B is 70%, depending on grade boundaries etc xx

Sounds good,

I put high exchange rate, poor quality of goods and high cost of production compared to countries such as China

So yeah, I think what we wrote was pretty much the same.

Did u do the EU context?

If so what did u put for the 45 marker?

I can't remember for the first one, just said something about how overall for EU only year forecasted negative growth was 2012 at -0.1%. I'm pretty sure I did the calculation wrong, even though I took A level maths haha. I'm so stupid for doing that, I took away rather than added it, since it was still a percentage increase of 3%... I realised after and I was like O_o

the second one I put a point about cause of unemployment, can't remember what it was, something about cyclical unemp, but my second point was kinda similar, so I'm not sure whether I'll get great marks on that one. Also I drew the graph that shows the cycle.

The 25 marker, I can't really remember.

Talked about trade creation with EU members, no tariff, cheaper.
Also, not all EU members doing badly.

But other countries may offer better trade e.g BRIC...
Also, the few countries doing well in EU might be saturated markets as in everyone is trying to trade with them...
Also, EU too fixated on inflation and its fiscal policy, which is holding back growth.

Conclusion was that the UK should continue trade with EU since it is major trading partner and it will recover eventually, but it should also begin to make trade links with Africa, Latin American, BRIC economies to reduce dependence and negative external shocks in the future.

It was something like that, not great to be honest, a bit muddled lol.

I was so bummed, I should've brought in trade on the basis of comparative advantage and stuff like that. I'm such a mug. Ahh well.


How about you, what did you put?

I'm definitely not in the same boat as you haha.

My unit 3 was **** so... lol.

Hopefully, I got an A in unit 2, and hopefully I got a B in unit 4, which overall should give me a B which is all I need, and I'm happy with that to be honest.

And thank you! Good luck with your results x

Thank you! Well done on those results, all the best of luck with your results chick xx

Which question was this

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2575bn FTW!

Hahah, agreed

what question is that for??

Context 2, the 5 mark?