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How to study for Economics, critical evaluation??

yash patel

yash patel

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well you need to study the entire book, but still keep in mind that basic fundamentals which are supply and demand. supply and demand is critical. also population and government expenditure is also something they ask alot.

anyways off topic her what do you guys suspect the case study will be about. its just a guess but i'd have to say maybe technology or mobiles as the economy for these things has increased alot over the past decade.
 
Samad

Samad

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shefali said:
Gross means Total
Domestic means in the country
Product means the output

HENCE GROSS DOMESTIC PRODUCT CALCULATES THE TOTAL VALUE OF GOODS PRODUCED IN A COUNTRY OVER A FINANCIAL YEAR. REAL GDP IS SIMPLY THE ONE ADJUSTMENTS FOR INFLATION.
For example in 2011 the GDP for country XYZ was 56 million
Lets suppose that prices rose by 20% in 2012 (inflation) so then the GDP will also rise by 20% because people are spending on that which means it is the value of product (calculated using expenditure method)
When in reality only prices rose not the GDP
For GDP to rise there has to growth in real GDP

Ask for further clarification if needed :)
Click to expand...
can u help out with As economics?
 
shefali

shefali

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Samad said:
well what i wanna know is how do u go on abt answering the questions in paper 2 section A
they r short questions related to a case study
Click to expand...
answer in context to case study and make sure to use economic terms for sure...connect all your points and keep your presentation good..should do
 
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