• 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)

Economics P12 june 2012 ANSWERS...!!!

Messages
159
Reaction score
21
Points
28
i answered uk created jobs because UK's unemployment rate fell from 10.5 to 5.6 or something like this
i answered A...France option cox i wasnt so sure about UK, it said "created" more jobs...so i think its not important it created more jobs, its also possible that unemployment fell due to increased emigration or something
 
Messages
148
Reaction score
53
Points
38
dear all hope you had a great paper Am posting the qs and answer which I remember if any one remembers otherz plz do share,any idea about GT,I feel 24...
Anyways:

Country X anud Y it was A THERE WOULD BE TRADE,
Max price minimum price no effect on equilibrium,
Demand of a product decrease as its cost of production decreases
DecreCountry X and Y it was A,
Max price minimum price no effect on equilibrium,
Demand of a product decrease as its cost of production decreases
Decrease and uncertain,common consumer surplus was D each had a
consumer surplus of 2 demand for rice inc was 500 tonnes,tariffs
provide revenue to govt.n quotas beneficial to seller of import,hyper
inflation frm 1990 to 2000,planned economy resources centrally
allocated, price of car parking according to price mechanism shud OP
,external cost=social cost-private cost,quantity supplied of supply
curve was $3,govt n pvt firm COst benefit analysis was TAX payment,
$1.25=£1,
demand curve n supply curve both shiftd to ryt syd was option C,tax
was $6 aftr removalof tax $6, public goods free rider problem everyone
is not charged, country specializes in spices bt still not trades
because of tariffs on spices in othr countries,ase and uncertain,common consumer surplus was D each had a
consumer surplus of 2 demand for rice inc was 500 tonnes,tariffs
provide revenue to govt.n quotas beneficial to seller of import,hyper
inflation frm 1990 to 2000,planned economy resources centrally
allocated, price of car parking according to price mechanism shud OP
,external cost=social cost-private cost,quantity supplied of supply
curve was $3,govt n pvt firm COst benefit analysis was TAX payment,
$1.25=£1,
demand curve n supply curve both shiftd to ryt syd was option C,tax
was $6 aftr removalof tax $6, public goods free rider problem everyone
is not charged, country specializes in spices bt still not trades
because of tariffs on spices in othr countries,
u did two wong their was no hyperinflation and rice wala it was 1000 but still in dobt
dear all hope you had a great paper Am posting the qs and answer which I remember if any one remembers otherz plz do share,any idea about GT,I feel 24...
Anyways:

Country X and Y it was A THERE WOULD BE TRADE,
Max price minimum price no effect on equilibrium,
Demand of a product decrease as its cost of production decreases
DecreCountry X and Y it was A,
Max price minimum price no effect on equilibrium,
Demand of a product decrease as its cost of production decreases
Decrease and uncertain,common consumer surplus was D each had a
consumer surplus of 2 demand for rice inc was 500 tonnes,tariffs
provide revenue to govt.n quotas beneficial to seller of import,hyper
inflation frm 1990 to 2000,planned economy resources centrally
allocated, price of car parking according to price mechanism shud OP
,external cost=social cost-private cost,quantity supplied of supply
curve was $3,govt n pvt firm COst benefit analysis was TAX payment,
$1.25=£1,
demand curve n supply curve both shiftd to ryt syd was option C,tax
was $6 aftr removalof tax $6, public goods free rider problem everyone
is not charged, country specializes in spices bt still not trades
because of tariffs on spices in othr countries,ase and uncertain,common consumer surplus was D each had a
consumer surplus of 2 demand for rice inc was 500 tonnes,tariffs
provide revenue to govt.n quotas beneficial to seller of import,hyper
inflation frm 1990 to 2000,planned economy resources centrally
allocated, price of car parking according to price mechanism shud OP
,external cost=social cost-private cost,quantity supplied of supply
curve was $3,govt n pvt firm COst benefit analysis was TAX payment,
$1.25=£1,
demand curve n supply curve both shiftd to ryt syd was option C,tax
was $6 aftr removalof tax $6, public goods free rider problem everyone
is not charged, country specializes in spices bt still not trades
because of tariffs on spices in othr countries,
 
Messages
118
Reaction score
22
Points
28
u did two wong their was no hyperinflation and rice wala it was 1000 but still in dobt
thanks for your comments but I am pity sure it was 500 tonnes to make the total revenue equal to 10!
N secndly the hyperinflation question was almost a replica of nov 2004 qs.25 but there was a slight diffrnce for which I opted for Hyperinflation rather than D.If you remember in nov 2004 qs the base year(RPI 100) was 1971 and in our paper the base year given was 1990 so a period of 30 years cannot be classified as hyper inflation but in a span of 10 years RPI doubling is just hyperinflation...
so I think this base year made a difference
 
Messages
118
Reaction score
22
Points
28
other questions include:
1.what would reduce the labour force of a country
Early retirement
2.Money in the form of credit card,cash or bank draft.
Cash only
3. fixed exchange rate how would govt. reduce deficit?
Expenditre reduce
 
Messages
148
Reaction score
53
Points
38
thanks for your comments but I am pity sure it was 500 tonnes to make the total revenue equal to 10!
N secndly the hyperinflation question was almost a replica of nov 2004 qs.25 but there was a slight diffrnce for which I opted for Hyperinflation rather than D.If you remember in nov 2004 qs the base year(RPI 100) was 1971 and in our paper the base year given was 1990 so a period of 30 years cannot be classified as hyper inflation but in a span of 10 years RPI doubling is just hyperinflation...
so I think this base year made a difference
hyper inflation ranges from 100 percent to onward that was strato inflation or creeping inflation put for 1000 answer also came as revenue of 10000
 
Messages
229
Reaction score
41
Points
38
What you all awnser for the exchange rate question? showing the demand and supply curves shifting?
 
Messages
85
Reaction score
2
Points
18
What are the CORRECT answers for the following questions:

1) How would the government improve its BOP deficit if it employs a fixed exchange rate system?
2) CBA. Consumer Surplus or Taxation Payments?
3) Which two sections of the BOP account would be altered if a bank borrows money from abroad?
4) Economy moves from high to low unemployment, but inflation remains relatively low.

Answer with explanations.
 
Messages
229
Reaction score
41
Points
38
1)reduce expenditure-expenditure dampening policy
2)taxation payments-I dont see why a firm wont take into account consumer surplus..
3)Income and financial,interests is under income
4) ? whats the question?
 
Top