OCR A2 Economics - F585 Global Economy - Case Study Thread

Do you think i would get the marks for saying for the firsy one;
With the restrictions put in place i means goverment expenditure is reduced when in times of reccesion to prevent them from borrowing for current expenditure..which prevents crowding out and hence does not raise the cost of interest rates meaning economic stability is promoted since lower interest rates and lower cost of investment hence promoting economic stability then i wrote like even when in a boom prevebts goverment spending surpluses....

for second point.. i put down like reduce goverment exp meana budget deficit reduce meaning national debt reduce hence fdi hence emploument greater investmeny hence promote economic development....

Also for the q about different between budget deficit and national debt what you put down? I wrote national debt is an accumulation of all budgrt deficits and hence how much the goverment owes as a result of borrowing..and a budget deficit where goverment except nditure exceeding tax receipts funded by borrowing therfore the national debts.

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Wow, grade boundaries estimate?

hi guys am i right in saying that budget deficit is the difference between government spending and total revenue.

Plz reply quickly this is really bugging me

Yes but the total revenue is only counted from tax receipts, so total revenue is right but tax receipts is more specific as the budget deficit does not include revenue from aid etc.

Yes you will, i am only being pedantic for your benefit for future general knowledge. Nothing wrong with being too right.

Shouldnt it be goverment expenditure exeeding tax receipts? Btw are u a student or eco teacher?

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;41311733']Did anyone find the questions were worded really poorly in this paper? I found that some of them were really vague or unclear..