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    Hey guys,

    I am confused with these two calculation questions. How about do I go to work these 2 out?

    Q5

    http://papers.xtremepapers.com/AQA/E...W-QP-JAN04.pdf

    Q12

    http://papers.xtremepapers.com/AQA/E...W-QP-JAN05.pdf

    Thanks
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    (Original post by 16dan2life)
    Hey guys,

    I am confused with these two calculation questions. How about do I go to work these 2 out?

    Q5

    http://papers.xtremepapers.com/AQA/E...W-QP-JAN04.pdf

    Q12

    http://papers.xtremepapers.com/AQA/E...W-QP-JAN05.pdf

    Thanks
    for question 3
    real national income means taking into account inflation.

    So National income grew by 14% (adding up values) inflation 11%, subtract them gives you 3%

    for question 12
    the curve for short run aggregate supply is always upwards sloping to the right, whereas long run is vertical

    hope this helps
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    (Original post by Secret.)
    for question 3
    real national income means taking into account inflation.

    So National income grew by 14% (adding up values) inflation 11%, subtract them gives you 3%

    for question 12
    the curve for short run aggregate supply is always upwards sloping to the right, whereas long run is vertical

    hope this helps
    Ah, thanks for that. The question 12 bit was for the second link lol
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    (Original post by 16dan2life)
    Ah, thanks for that. The question 12 bit was for the second link lol

    Ah sorry, you would do 5-2.5-0.5 which gives you 2.0% so the answer would be C, less than 2.5%
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    (Original post by Secret.)
    Ah sorry, you would do 5-2.5-0.5 which gives you 2.0% so the answer would be C, less than 2.5%
    Thanks a lot
    Much appreciated
 
 
 
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