Yeah same, I mentioned that if a large amount of goods have already being produced, but there are high prices for exports, and less purchases = less profits -> cost push inflation I also banged on about a fall in AD causing a fall in unemployment increasing the amount of govt spending devoted to unemployment benefit increasing demand pull inflation I had lots of evaluation and I thought it was decent but I hope I did bore the examiner
I got the investment contribution right but the Japan one, shows that I clearly can't differentiate by a billion and a million, ended up getting $48 for china and $45 for Japan lol just messed it up completely only 2 marks though.
Yeah same, though I suppose judging on this papers difficulty the boundary for an A will be 46 or 47 so it could be higher than 85ums (for your prediction)
yep definitely agree with you on the grade boundaries , im gonna go as far to say it might drop to about 45 considering the number of idiots in this country that do this subject cos they think it's easy - half of them won't even know the meaning of an exhange rate hahaha
hahahaha i actually had the same problem as you , was getting $48 and $45 and i was like ' da*** this can't be right ' but managed to get it in the end
Did anyone draw a demand and supply diagram for the 18 marker in order to show how the price of a currency is determined? I didn't but loads of my friends said that did??? all i put was an AD/AS diagram
All I put was the AD/AS diagram, couldn't find a place to throw the currency diagram in at all.
All I put was the AD/AS diagram, couldn't find a place to throw the currency diagram in at all.
I just did it as an introduction to my stronger argument then later threw in the AD/AS diagram. Like I said figure 1 shows that exchange rates are determined by blahblah and then I linked that to my next point.
Did anyone draw a demand and supply diagram for the 18 marker in order to show how the price of a currency is determined? I didn't but loads of my friends said that did??? all i put was an AD/AS diagram
I did an AS and AD diagram and showed changes to both.. There were loads of diagrams you could do really..
for the LRAS Diagram , is the x-axis labelled Real National Output or Real GDP ? i always figured they were the same thing , but the markschemes always say Real GDP so i ended up putting " Real GDP / Real National Output " for safety haha
for the LRAS Diagram , is the x-axis labelled Real National Output or Real GDP ? i always figured they were the same thing , but the markschemes always say Real GDP so i ended up putting " Real GDP / Real National Output " for safety haha
I don't think it really matters, they won't penalise you for it that's for sure :P
Did anyone draw a demand and supply diagram for the 18 marker in order to show how the price of a currency is determined? I didn't but loads of my friends said that did??? all i put was an AD/AS diagram
Yes i did that, but none of my friends did! weird!
i worte about improving education -.- is that; ok since its increasing quality of labour ... i think i floped now.
thats not the same thing - improvements into training and education are different , then again if you get a generous examiner he/she will probably mark you asif education was in the case study that said , a harsh one..
i wrote about the reduction in direct taxes for that one , nice and easy 4 marks haha
thats not the same thing - improvements into training and education are different , then again if you get a generous examiner he/she will probably mark you asif education was in the case study that said , a harsh one..
i wrote about the reduction in direct taxes for that one , nice and easy 4 marks haha
Was reduction in direct taxes in the case study? if it was youve no idea how happy youve just made me.
i tottaly ****ed up the causes of inflation question and went on talking about fiscal drag and shoe leather cost -.- i lost full 6 marks there
Yeah, fiscal drag and shoe-leather costs are consequences (the aftereffect) as opposed to, say, AD increasing at a higher rate than AS (demand-pull inflation) and an increase in wages above inflation (cost-push inflation)
thats not the same thing - improvements into training and education are different , then again if you get a generous examiner he/she will probably mark you asif education was in the case study that said , a harsh one..
i wrote about the reduction in direct taxes for that one , nice and easy 4 marks haha
I'm pretty sure the only supply side policies in the case study were privitisation and training- the one's I highlighted anyway. May be wrong but it did say relate to the case study