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    (Original post by harveyw96)
    I got 277.75 for the index number as i did it a different way, will i still get the marks?
    I rounded it up
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    (Original post by jamiee207)
    Wait? Is this the first part of Q2!? It asked to explain the process of CPI calculation didn't it??
    Yeah that was the first question but then the second one asked something about why CPI had changed didn't it?
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    Question 1
    2 costs of a budget deficit on UK econmy
    Rise in oil prices affect the economy
    fall in value of sterling's exchange rate on balance of payments


    CAN YOU TELL ME WHAT YOU WROTE?
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    (Original post by S.ahmed)
    Question 1
    2 costs of a budget deficit on UK econmy
    Rise in oil prices affect the economy
    fall in value of sterling's exchange rate on balance of payments


    CAN YOU TELL ME WHAT YOU WROTE?
    Deficit means money leaving country and could lead to credit crunch

    rise in oil leades to up in cost of production cost pish inflation

    fall in sterling ups exports downs imports and then evaluation was that imports rode because they could not be replaced
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    What'd you guys think the grade boundaries will be like? I'm pretty sure I already lost 10+ marks :'(
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    (Original post by jamiee207)
    Wait? Is this the first part of Q2!? It asked to explain the process of CPI calculation didn't it??
    What did you write about inflation being under 2%?
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    (Original post by xstarsx67)
    What'd you guys think the grade boundaries will be like? I'm pretty sure I already lost 10+ marks :'(
    Fairly high most people did qns 2 which was easier in my opinion. Just the way the questions were worded made me do question 1
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    (Original post by Brandon_RNS)
    Fairly high most people did qns 2 which was easier in my opinion. Just the way the questions were worded made me do question 1
    Im pretty sure some people could muck up the 30 marker tho. It clearly wasn't an easy 30 marker


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    (Original post by ljh950912)
    Im pretty sure some people could muck up the 30 marker tho. It clearly wasn't an easy 30 marker


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    Yes the boundaries will not be that high, people doing question 1 may get a bonus in ums since alot of people struggled on it

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    (Original post by shabba-ranks)
    Yes the boundaries will not be that high, people doing question 1 may get a bonus in ums since alot of people struggled on it

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    Really? Can that actually happen? Like people can get bonus ums?


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    (Original post by ljh950912)
    Im pretty sure some people could muck up the 30 marker tho. It clearly wasn't an easy 30 marker


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    Wasnt it something like evaluate the effect of a reduction in the fiscal deficit on the macro economic objectives?

    well first ad/as for your 4 marks
    state all 3 objectives for 3 or 6 i cant remenber a past mark scheme with similar question
    and bascially talk about confidence levels down investment down consumption, imports will fall which will improve the balance o payments

    trust me it was a nice question
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    Was it only me that didnt use extract 2 in the whole exam?
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    For the oil price question could you draw an ad/as diagram with the Ad curve shifted left? I put this because the increased price will reduce consumer confidence, therefore reduced consumption and investment (due to accelorator effect) is this correct?
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    (Original post by xstarsx67)
    Really? Can that actually happen? Like people can get bonus ums?


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    Yeah it happens across all subjects. If the exam board see that way more people have been successful on question 2, they will either mark more stiffly there and/or the value of raw marks coverted to ums in question 1 will be increased. Basically they will mark more leniently. They have to do this so that they get a spread of grades.

    So don't give up hope people that answered q1!

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    (Original post by xstarsx67)
    You know if you got the answer to the index one wrong? (Like I put 177 instead of 277) don't ask me how I'm just really stupid would you still get like maybe 1 or 2 marks? Cos it was a 6 mark question, so surely they should credit something even if it was wrong? Or no?
    I got that too. I defined base year at the beginning and maybe we'll get marks for the correct values for Jan 2005 and March 2012. Here's hoping!


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    (Original post by Thriveti)
    For the oil price question could you draw an ad/as diagram with the Ad curve shifted left? I put this because the increased price will reduce consumer confidence, therefore reduced consumption and investment (due to accelorator effect) is this correct?
    Oil prices dont affect ad it affects as. Brent crude oil is not bought by consumners but by business it is a cost of production if this increase it will reduce the supply
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    (Original post by Thriveti)
    For the oil price question could you draw an ad/as diagram with the Ad curve shifted left? I put this because the increased price will reduce consumer confidence, therefore reduced consumption and investment (due to accelorator effect) is this correct?
    I shifted the AS curve inwards for that question

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    (Original post by Brandon_RNS)
    Wasnt it something like evaluate the effect of a reduction in the fiscal deficit on the macro economic objectives?

    well first ad/as for your 4 marks
    state all 3 objectives for 3 or 6 i cant remenber a past mark scheme with similar question
    and bascially talk about confidence levels down investment down consumption, imports will fall which will improve the balance o payments

    trust me it was a nice question
    What did you put for inflation being under 2%? And then for the second question I think it was, about why CPI had changed?
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    I'm praying my unit one will make up for lost marks in this one.

    I did question 1, the 30 marker was easier. Some of the questions in the second one looked horrible.


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    Oil is derived demand for fuel and stuff. Would I get any marks?
 
 
 
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