Well, the way I did it was to work out real GDP per capita in 2005 which was obviously 100/100=1. Then work out real GDP per capita in 2014, real GDP was (200/150)*100 which gave you 400/3. Then divide 400/3 by the population of 120 to get 400/360 which was 1.1111... (recurring). So now its just a percentage change of (1.11111...-1)/1 then *100 to get a percentage and this came out to 11.1111...%. But I would have thought the answer would be exactly 10% if that was one of the options.

I don't understand why they wouldn't give it as an exact answer

Reply 1088

nellythumper

Original post by Kaasi

where does 90 x 1 come from?

That is the weighting of good Y

Reply 1089

Kaasi

Original post by GGHarambe

((120x2)+(90x1))/3

Price index of x times by weight plus prices index of good y all divided by the sum of weights.

Yes, but how did you work that out

Reply 1090

Kaasi

Original post by nellythumper

That is the weighting of good Y

dont worry im a retard
just got it

Reply 1091

Sap434

anyone done mcqs from the aqa book for macro?

Reply 1092

nellythumper

Original post by Sap434

anyone done mcqs from the aqa book for macro?

The textbook? I'm doing those tomorrow to get my brain in gear.

Reply 1093

archie341

Original post by FTSE420

Mentioning thr ageing population was one of the best things you could have said in my opinion. The ageing population in Japan is one of the key reasons for their prolonged deflation. Monetary policy is likely to be ineffective in a place like Japan since such reflationary policy is unlikely to work due to the MPC of elderly people being far lower than younger people. Also, the fact that it wasn't mentioned in the extract shows good knowledge of Japan's economy - it's a superb evaluative point. I was surprised at how so many people discarded this factor in determining the effectiveness of interest rates because it's a huge factor, especially in Japan and increasingly in the developed world.

Ty ^_^ hopefully the examiner agrees!

Reply 1094

Sap434

Original post by nellythumper

The textbook? I'm doing those tomorrow to get my brain in gear.

Yeah the mcqs of macro section... qs 6. I dont know the anws to it.... couldnt find any mark scheme for it either... i guess let me know what u think the anws is... ty

Reply 1095

Gemmamcconville

Original post by Sap434

Yeah the mcqs of macro section... qs 6. I dont know the anws to it.... couldnt find any mark scheme for it either... i guess let me know what u think the anws is... ty

Macro MCQ answers for AS book is:
b
b
b
c
d
c
b
b
b
c
Macro MCQ answer for A2 book is:
b
b
a
a
b
a
d
c
c
b
My teacher marked them

Reply 1096

physicsamor

Not looking forward to multiple choice it's the one thing I strangely can never do

Reply 1097

LegallyMinded

This paper I really need to nail because I messed up on Micro and made some silly errors on Macro. Struggled for 2 years in economics and this paper is literally my enemy, never been good at multiple choice and I'm worried the 25 maker will be on one of my weakest areas.. no matter how many times I go over poverty, globalisation, protectionism or markets I just can't get it round my head or retain the information.
I'm hoping for a miracle right now..