• We need your support!

    We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
    Click here to Donate Now (View Announcement)

Recent content by queensunflower

  1. Q

    A2 ECONOMICS: Guess Paper-4

    it is not given. in the formula u substitite with what is given. the answer u get is the difference between exports and imports. when the answer is negative, imports is more than exports thus it is a current account deficit.
  2. Q

    A2 ECONOMICS: Guess Paper-4

    the formula for GNP at market price is equal to private consumption add government consumption add gross investment add exports less imports. a deficit in the current account means that imports is more than exports. now if u use this formula u will see that u will get a negative answer for year...
  3. Q

    A2 ECONOMICS: Guess Paper-4

    which question?
  4. Q

    A2 ECONOMICS: Guess Paper-4

    u r welcome :)
  5. Q

    A2 ECONOMICS: Guess Paper-4

    yes. minimum price is the one which will benefit producers as it is set above the equilibrium price.
  6. Q

    A2 ECONOMICS: Guess Paper-4

    remember that deadweight loss will always have a triangular shape. first the deadweight loss was x+y+z. by imposing tax, the new deadweight loss is z. thus the deadweight loss is reduced by x+y. A is the answer.
  7. Q

    A2 ECONOMICS: Guess Paper-4

    always remember this, maximum price is set below the equilibrium price. thus consumers will benefit from lower prices.
  8. Q

    A2 ECONOMICS: Guess Paper-4

    which variant?
  9. Q

    A2 ECONOMICS: Guess Paper-4

    sure:)
  10. Q

    A2 ECONOMICS: Guess Paper-4

    See at point S, the consumer will purcahse zero units of Y and 20 units of X. this means that the consumer will spend his whole 120 income on X. thus to find the price of good X, it will be 120 divide by 20 which is 6. now at point R, consumer will purhase zero units of X and 12 units of Y...
  11. Q

    A2 ECONOMICS: Guess Paper-4

    government macroeconomics aims include low level of unemployment, economic growth and low rate of inflation. 1980 to 1990 was the only period that the government was able to achieve all these aims. therefore D is the answer.
  12. Q

    A2 ECONOMICS: Guess Paper-4

    the new income is 120. so we try to use all the options given to find out the new prices. when u use option B u will get for product x 6 times 20 which is 120 and for product y 10 times 12 which is 120. if u try other options, u wont get 120. therefore B is the answer.
  13. Q

    Economics, Accounting & Business: Post your doubts here!

    a deflationery fiscal policy means that the government will raise taxes and decrease its spending. a reflationery monetary policy means that the government will increase money supply and decrease interest rates. therefore A is the ans.
  14. Q

    Economics, Accounting & Business: Post your doubts here!

    i have a doubt in question 13
  15. Q

    A2 ECONOMICS: Guess Paper-4

    the price elasticity of demend is already given and it is 1.5. now if price rises by 10 percent as a result of tax being imposed ,we will need to find out what is the percentage decrease in demand. so u form an equation x/10=1.5. x will be equal to 15. thus sales will decrease by 15% from 1000...
See more
Top