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AQA Economics AS Mon 14 June AM

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corey

Strange...i'd written that point down on my 'perfect essay plan' after the whole class failed the question... *checks mark scheme*

I'm not sure the question is ambigious as it lists it as 'total consumption' and also mentions 'vechiles' in the passage (which mainly come from abroad).

which year is this let me check marksheme

Reply 261

pedy1986

TheWolf

which year is this let me check marksheme

http://www.aqa.org.uk/qual/gceasa/qp-ms/AQA-ECN2-W-MS-Jun03.pdf
page 8

Reply 262

TheWolf

corey

http://www.aqa.org.uk/qual/gceasa/qp-ms/AQA-ECN2-W-MS-Jun03.pdf
page 8

so for more than 7 marks you need to have an evaluation and on effects on other parts of economy such as balance of payments etc ytea

Reply 263

Ellie4

deianra

We were never taught anything about the difference between Monetarist/Keynesian :redface:

We did it for a few weeks, then were promptly told it was't on the syllabus anyway so not to worry :rolleyes:

Hmph!

I'll ask you my q about NHS anyway, would you show the supply to be perfectly inelastic? In the short term at least?

Reply 264

TheWolf

Ellie4

We did it for a few weeks, then were promptly told it was't on the syllabus anyway so not to worry :rolleyes:

Hmph!

I'll ask you my q about NHS anyway, would you show the supply to be perfectly inelastic? In the short term at least?

its definitely not perfectly inelastic!

Reply 265

Ellie4

TheWolf

its definitely not perfectly inelastic!

Hmm this is what I thought, but I appear to have a diagram which says differently. Stupid teachers!!!!!!!!!!

Reply 266

john !!

In the short term is is inelastic like everything, hospitals I don't think have much spare productive capacity, but you can always get ppl on overtime and hire more staff, build more hospitals if it's needed.

Btw, what effects do high house proces have on economic welfare?

Reply 267

BazTheMoney

Ellie4

Hmm this is what I thought, but I appear to have a diagram which says differently. Stupid teachers!!!!!!!!!!

It would certain be inelastic, but there would be small fluctuations. Perfect inelasticity is very rare.

Reply 268

Ellie4

BazTheMoney

It would certain be inelastic, but there would be small fluctuations. Perfect inelasticity is very rare.

Ok thanks. I'll draw it with a steep gradient, but not a vertical line. Oh, and I'll hit my teacher over the head with my book!

Reply 269

Ellie4

deianra

Ah bless, you ignore all of us and listen to Baz :tongue:

Okay, Macro macro...*runs off again* Back in an hour :smile:

It was a thanks to everyone :biggrin:

Reply 270

TheWolf

mik1a

equity withdrawal during rising house prices increases consumption. increases in property values stimulates construction of new houses...which leads to more money spent on home furnishing carpets...etc everything in the housing sector. negative points baout increaseing house prices - geographical immobility + regional divide as the south's houses increase in prices, and people from the north cant move down for jobs even if they have the skills etc...then you talk about negative equity...and shows how this sucks for the economy

Reply 271

Mysticmin

Baz...could you help me with an A2 question please? :smile:

a) Examine two demographic factors which might be expected to have an impact on the distribution of income in the UK.

Have a whole side on the ageing population factor...fine as far as the mark scheme's concerned.

Am stumped on how I can write another side for another factor. I've tried writing about married couple's allowance and the shift in single parent families recently. But have about one point - poorer people tend to be single parents, so they're missing out on extra benefits, therefore this allowance is regressive.

I don't know what else to write :redface:

Sorry.

Reply 272

BazTheMoney

Mysticmin

Baz...could you help me with an A2 question please? :smile:

Sorry.

Nasty question! The ageing population is the obvious one. You could talk about the distribution of the population, how different places have different level of taxs. Wage distribution in the public sector? you get paid more in London. That's a horrid question, I'd tried to not answer it and do something else.

Reply 273

Mysticmin

BazTheMoney

I've run out of papers to do, this one's the sample question I nabbed off the edexcel website to practise.

Demographic means the make up of the population? :redface:

Geographic location sounds tempting, like you said about london.

thank you :smile:

Reply 274

Ellie4

Ok, what about this 15 marks, what, other than a lack of competitiveness has led to a UK current account deficit?

Reply 275

mobbdeeprob

Mysticmin

I've run out of papers to do, this one's the sample question I nabbed off the edexcel website to practise.

Demographic means the make up of the population? :redface:

Geographic location sounds tempting, like you said about london.

thank you :smile:

You could look at gender in the workplace and how that influences the distribution of income.

Reply 276

Mysticmin

mobbdeeprob

You could look at gender in the workplace and how that influences the distribution of income.

how would that affect the distribution of income in the UK as a whole though If the amount of women increased, maybe that would increase income inequality, yet more women are gaining qualifications and coupled with labour's plethora of child tax credits, they're starting to earn more. Glass ceiling? This question's so confusing, good thing its only a sample...

Reply 277

TheWolf

Ellie4

Ok, what about this 15 marks, what, other than a lack of competitiveness has led to a UK current account deficit?

current account deficit ie invisible + visible exports more than invisible + visible imports.

Exchange rate - appreciation

Government policies - expansionary fiscal policy leads to an increase of aggregate demand, hence increase of imports.

monetary policy - lower interest rates, higher value of pound increases current account deficit

oh so when govt spends excessively on foreign goods and services, or private firms or individuals spending too much, importing far more than exporting.

Reply 278

TheWolf

i cant think of much else :redface:

Reply 279

TheWolf

guys when interest rate rises there is more 'do you call it ehh foreign direct investment ie hot money', where people from other countries save money into British bank due to the high return of interest