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i guess its ok
confirm with you teacher
y rnt u in school?
lol even ur not going, so am i
Can any1 help me with question 2 and 19? i dnt knw hw to get the answer for them. Here is da link :
http://maxpapers.com/wp-content/uploads/2012/11/9708_w13_qp_3.pdf
Da answer is B for 2 and B for 19
Thanx alothey i can explain the 19th one but i'm not quite sure if my working is right okay
so yeah :-
a $100 increase in national income is distrubuted in the following way = $10 in taxes $25 in imports and $15 is saved. since there is a shortage of $50 we take that as government spending.
therefore :- 100=10+25+15+50
now in the above equation substitute the 100 with 50000 and multiply the rest of the components by 500 too. Your government spending value would then be (50*500) which is equal to 25000
sorry if the explanation is too confusing. this is the easiest i could do :3 and i have an explanation for the second one also. i could explain if u can understand this
Perfectly Elasticexplain the incidence of subsidies for perfectly elastic/inelastic demand and supply curves pls
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