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I have requested the paper..Send you request on [email protected] to get completely solved guess paper from Qamar Baloch or call at (+92) 3217555550.
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I have requested the paper..Send you request on [email protected] to get completely solved guess paper from Qamar Baloch or call at (+92) 3217555550.
Guess Paper for AS level Economics Paper-2
Examiner might not use the same statements, however the material covered in these questions is expected to be asked by the examiner in the examination June 2011.
Option C is correct but I guess your reasoning is incomplete... The price of X was 8 and 10 and of Y was probably 10 and 30... So what was to be done was, P1 and Q1 were to be taken 8 and 10 respectively and then they were again taken to be P2 and Q2... This gave the answer of 2 for the first and 1.6675 for the second... hence option C was absolutely correct...!!!the exact answer for calculation was 2. As we were to told within which range XED lies. It means it must be 2 or below 2. While 2.5 does not come under the range of 2. It is outside the range of 2. So, 1.66 to 2 is the correct option.
Can help firms to reduce costs if they can keep nominal wage rates constant or increase it at a rate slower than inflation..so the real wage rate decreases.^ Exactly my question too ? i mean doesn't inflation erode the value of money so how come it is benificial even if it is 2 - 3 % This was also the last part of a data response question in 2010 I guess...
Thanks mate...Can help firms to reduce costs if they can keep nominal wage rates constant or increase it at a rate slower than inflation..so the real wage rate decreases.
It can increase consumption because real interest rates may be low as nominal interest rates don't tend to rise in line with inflation. So with lower interest rates we'd see an increase in monetary demand, namely increase in demand for loans for consumption and investment.
Also firms stand to benefit if the increase in prices of their goods is lower than their increase in cost of production incurred, essentially raising profit margins.
Low rates of inflation like that could also increase a country's price competitiveness if their rate of inflation is lower than that of their trading partners ( so, in the cost of their goods become lower for their trading partner(s).
Also for firms whose exported goods has inelastic demand, the increase in the price of their exports might actually lead to an increase in revenue for them.
Send you request on [email protected] to get completely solved guess paper from Qamar Baloch or call at (+92) 3217555550.
Could you send me the areas to revise? Thanks!fatima check your email. I hv sent you everything you need to revise.
the answer cud be rise in unemployement since less unemployement means less people working therefore productivity is constantly decreasing and this wud shift the curveincrease in retirement age is the correct option but i m sure that u will wonder how it can be. Yes?
Is that all I need to study for tomorrow?fatima check your email. I hv sent you everything you need to revise.
what ? rephrase thatHey please someone tell that will export revenue rise if exports are inelastic during inflation ?? :\ confused!!
If their demand is inelastic, a general rise in prices will generate more export revenues.Hey please someone tell that will export revenue rise if exports are inelastic during inflation ?? :\ confused!!
it depends on what the country is exporting and how much demand the product has for itself...Hey please someone tell that will export revenue rise if exports are inelastic during inflation ?? :\ confused!!
it depends on what the country is exporting and how much demand the product has for itself...
there can be a case where the demand for an export is low but still inelastic.. however the revenue generated isnt much so even if there is inflation and the demand is inelastic ... you cant assume the revenue generated from exports will rise... it has to do with how much the demand for the product really is and how much a country exports it ..
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