New Spec AQA AS Level Economics Paper 1 - 16th of May

Original post by Pussy King

Can anyone remember the answer to the multiple choice question about labour productivity?

It was A, the one about output falling at a slower rate than the fall in workers. Productivity is units produced / number of workers, so if units and workers both fall, but workers fall by a bigger amount than units, then productivity has risen.

Reply 62

Original post by jamie5s

For the increased price to consumers imposed by a monopoly question: The quantity drops from V to W and price increases from R to S. The consumers save VW times the original price (so WYUV on the diagram) but spend an extra W times the new price (so RSTY on the diagram). Therefore the correct answer was D: RSTY minus WYUV.

As for the last question, the answer was D: equitable distribution of income is a value judgement.

Thats not true, its a positive statement, as it can be tested against the facts.

Reply 63

aschum11

Original post by jamie5s

For the increased price to consumers imposed by a monopoly question: The quantity drops from V to W and price increases from R to S. The consumers save VW times the original price (so WYUV on the diagram) but spend an extra W times the new price (so RSTY on the diagram). Therefore the correct answer was D: RSTY minus WYUV.

As for the last question, the answer was D: equitable distribution of income is a value judgement.

Yeah you're wrong dude, whether the distribution of income is equitable can be tested against facts, so it is a positive statement and thereby aswer B is correct.

Reply 64

Original post by aschum11

Yeah you're wrong dude, whether the distribution of income is equitable can be tested against facts, so it is a positive statement and thereby aswer B is correct.

No, equity is a measure of fairness, so it can't be tested against facts. EQUALITY can be tested against facts.

Reply 65

Original post by jamie5s

No, equity is a measure of fairness, so it can't be tested against facts. EQUALITY can be tested against facts.

I'm pretty sure a lot of people I asked put B

Reply 66

That doesn't mean it's right ... :biggrin:

It's only 1 mark anyway so not a big deal overall.

Reply 67

Original post by jamie5s

That doesn't mean it's right ... :biggrin:

It's only 1 mark anyway so not a big deal overall.

Yeah that's true, but the multiple choice was a lot harder then the (few) specimen papers they put up

Reply 68

Original post by Varun127

Yeah that's true, but the multiple choice was a lot harder then the (few) specimen papers they put up

Definitely. I thought this was harder than any of the specimen papers or than the old style papers. You know how there were always two obviously wrong answers and then you had to choose between two nearly right answers? Well I thought it was really hard to find the right answer from the remaining two!

Maybe the grade boundaries will be lower.

Reply 69

Original post by jamie5s

Definitely. I thought this was harder than any of the specimen papers or than the old style papers. You know how there were always two obviously wrong answers and then you had to choose between two nearly right answers? Well I thought it was really hard to find the right answer from the remaining two!

Maybe the grade boundaries will be lower.

Exactly, but doesnt the final ums have to be 80 percent, or can that be lower?

Reply 70

Original post by Varun127

Exactly, but doesnt the final ums have to be 80 percent, or can that be lower?

So the UMS is based on how "hard" the paper is, which is why a different score each year can give the same UMS. But the UMS value for each grade is the same, so 80 UMS is an A, 70 is a B. I think!

Reply 71

SANTR

8

Original post by jamie5s

So the UMS is based on how "hard" the paper is, which is why a different score each year can give the same UMS. But the UMS value for each grade is the same, so 80 UMS is an A, 70 is a B. I think!

What do you reckon the grade boundaries will be?

Reply 72

Original post by jamie5s

So the UMS is based on how "hard" the paper is, which is why a different score each year can give the same UMS. But the UMS value for each grade is the same, so 80 UMS is an A, 70 is a B. I think!

Oh right that sort of makes sense :P

Reply 73

Original post by SANTR

What do you reckon the grade boundaries will be?

I wish I knew!!!

Reply 74

keynes24

This is the first paper sat, boundaries will be completed usually by the end of July and publish by August.

Reply 75

keynes24

I honestly don't know. I wouldn't worry now, there is nothing you can do about it. Revision for macro should be the priority.

Reply 76

tamcat

any predictions for macro?
also do you think they will make macro slightly easier due to micro supposedly being slightly more challenging?

Reply 77

keynes24

Original post by tamcat

any predictions for macro?
also do you think they will make macro slightly easier due to micro supposedly being slightly more challenging?

One paper has nothing to do with the other. You shouldn't rely on predictions, just revise and make sure your exam technique for answering long answer questions is good.

Reply 78

Sohray