Ocr economics f581 (16/05) and/or f582 (23/05) retakes

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Reply 380

alicec11

Original post by adriansiuyikto

what did u guys wrote for the question analyse why u/e may increase with reduction in u/e benefits?

Someones answered this already on the previous page

Reply 381

nikkiiiiii

Original post by adriansiuyikto

what did u guys wrote for the question analyse why u/e may increase with reduction in u/e benefits?

A cut in benefits, will mean that decrease comsumption of those u/employed as they have less money to spend. decrease in C leads to fall in Ad as C is a component of Ad, as a result of fall in AD realgdp/output falls, firms need less workers as output is low hence u/ment increases. Lack of demand from lack of consumption- demand deficient unemployment

Reply 382

alicec11

Disadvantages of Labour Force Survey?

Reply 383

alicec11

The decline in total output question was a killer!! I had no idea what to say

Reply 384

xs4

Original post by alicec11

Disadvantages of Labour Force Survey?

I mentioned information accuracy In the data collection process and the cost I think

Reply 385

xs4

Sorry but OCR are fuccbois with their "accessible" questions

Reply 386

Lucky at times

Was there a question about how a reduction in U/E benefits will reduce U/E? I can't remember if that was a question or I put it as an evaluative comment on UE benefits increasing UE... how many marks was that question? 4?

Reply 387

Lucky at times

Original post by xs4

I mentioned information accuracy In the data collection process and the cost I think

I said something to do with people possibly lieing about employment status and the fact that the sample may not be representative if everyone asked is unemployed etc... is that right?

Reply 388

Piers456

I got 200 000 more unemployed in Japan

And 60.7bn for the last calculation

Anyone else?

Reply 389

alicec11

Original post by Piers456

I got 200 000 more unemployed in Japan

And 60.7bn for the last calculation

Anyone else?

Yeah I got the same for the Japan one and I got 60 something for the last calculation, don't remember specifically

Reply 390

N-B

Original post by Piers456

I got 200 000 more unemployed in Japan

And 60.7bn for the last calculation

Anyone else?

I also got 200,000 more unemployed in japan
62.7 for the other

Reply 391

MrSplash

Original post by alicec11

The decline in total output question was a killer!! I had no idea what to say

Same.

Reply 392

Piers456

1.
A) -Higher Band Tax rates
-Higher Welfare Payments

B) -More expensive
-Less up to date

C) 200 000

2.
3. -corp tax
-privitisation
-deregulation

(edited 7 years ago)

Reply 393

Berke0

The last one was a 0.0256 so 2.6% increase (I put 2.5 ffs). And yes 2.4m unemployed in UK and 2.6m in Japan. It was labor force and not population so I hope u guys recognized that.

I flopped the 18 mark question couldn't stick to the topic. Sure I wasn't the only one!

Reply 394

Piers456

Original post by Berke0

It didn't ask for a percentage... ?

Reply 395

Berke0

Original post by Piers456

It didn't ask for a percentage... ?

Guess I was wrong then Piers

Reply 396

Viableplayground

What did people say for the last question. Spoke about short run vs sustainable long economic growth.

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Reply 397

Berke0

Original post by MrSplash

Same.

Depends on level of economic activity and state of other* objectives.

If close t full capacity they will decrease spending even tho output is falling to help reduce inflation

Reply 398

Piers456

Original post by Viableplayground

What did people say for the last question. Spoke about short run vs sustainable long economic growth.

Posted from TSR Mobile

I spoke about what economic growth does to the economy in respect to achieving the macro economic objectives and then wrote evaluative points about how it may not also achieve the marco economic objectives such as depends on the amount of spare capacity, how high the inflation rate / unemployment rate actually were before they were decreased, depends on how big the economic growth actually is etc.