Year 12s: what will be the first way you research your future options? >>

Year 12s: what will be the first way you research your future options? >>

Year 12s: what will be the first way you research your future options? >>

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

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Original post by Breeves8

What did everyone put for the currency effecting AD question? Depreciation or appreciation??

It appreciated, because through the years each US $ got less yen

Original post by 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

LFS and the CC come out every month

Original post by Pato1

LFS and the CC come out every month

This is from the OCR Economic Text Book

One question was asking about interest rate fall . What happened to current account ?

Original post by Breeves8

What did everyone put for the currency effecting AD question? Depreciation or appreciation??

Buy my revision answer guide

Original post by Goofystudent

One question was asking about interest rate fall . What happened to current account ?

Surplus may fall as more people have availability to credit easier, they may spend it on imports thus surplus falls.

How many marks was the appreciation question?

Original post by Berke0

How many marks was the appreciation question?

4 Marks

The unemployment and benefits 4 marker was very unfair

Original post by Piers456

4 Marks

Thanks god haha I got that totally wrong

Difference between gdp and real? I sad adjusted for inflation

Similarity I put measures output

Original post by Berke0

Thanks god haha I got that totally wrong

Same :/ I thought 118 to 82 meant that it was getting weaker but thinking about it now it makes sense that it's infact getting stronger

Anyone notice there wasn't any definition questions?

Overall an okay paper but it really required you to pay close attention to detail both in the wording of the Q and the info from the case study

Original post by Goofystudent

One question was asking about interest rate fall . What happened to current account ?

I talked about a low interest rates is unattractive for currency investors which means that the currency will depreciate which leads to exports becoming more competitive and therefore means that current account surplus would be greater, however low interest rates also stimulates consumption which means that the population could buy imports which lowers the current account surplus

Original post by Piers456

Same :/ I thought 118 to 82 meant that it was getting weaker but thinking about it now it makes sense that it's infact getting stronger

Wouldn't worry too much if I was you, it looks like you did well on the the questions so head up

Has anyone got a list of the questions and their marks???

The currency depreciated from like 118 to like 80 something!?!??!?!?!?!?!?

Has anyone got the link to the unofficial mark scheme?

Original post by jakei1234

The currency depreciated from like 118 to like 80 something!?!??!?!?!?!?!?

I thought it was a depreciation as well!

how can it appreciate when it could buy fewer us dollars

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