how was econ p42 guys?

[sycho cj]

gdp at factor price is that the taxes are deducted and subsidies are added this is the right ans.

 

[sycho cj]

i also wrote about gdp is a good indicator and about hdi but i mention about crime rate as well

 

[Bachelor]

bro i only wrote fiscal and monetary forgot to write supply side policy

no problem dude u will get marks

 

[Bachelor]

i also wrote about gdp is a good indicator and about hdi but i mention about crime rate as well

good point crime rate high due to poverty a very valid point

 

[Bachelor]

bro what about q 7 last part gdp is a good indicator or not

not a good indicator as it has many loopholes

 

[sycho cj]

just pray 4 me dude

 

[sycho cj]

if i made wrong graph will examiner cut my marks

 

[Adil ajmal11]

What about that 25 marks question efficiency one ? i think it's Q2 or Q3 above from wage one ........

 

[Fawwaz]

What about that 25 marks question efficiency one ? i think it's Q2 or Q3 above from wage one ........

I made a huge mistake with that. I wrote about market failure. How many marks will i lose out of 25?

 

[Adil ajmal11]

i wrote about Efficiency , alloc , produc, competitive mrkt , monopolist , super normal profits , it will encourage small firms to jump in , it cant be sustained , .. conc: huge profits must be discouraged

 

[Adil ajmal11]

and made around 5 graphs related to this topic

 

[Lostsoul]

plz tell whether this correct? GDP at market prices is also known as GDP at current prices. in other words it is the GDP measured in terms of the prices operating in the year in which the output was produced. and i wrote GDP at factor cost means GDP measured in terms of the cost of factor inputs.

Money GDP

 

[Fawwaz]

Yeah I know, but I got confused about efficiency and thought it could be related to market failure. Although I wrote every thing related to market failure and linked the answer by saying that the higher the profits are encouraged, the more private and de merit goods are produced causing negative externalities. And I made all the graphs. How much will I lose? 10-15 marks?

 

[Bachelor]

if i made wrong graph will examiner cut my marks

u might loose 2 to 3 marks dude point is in economics u cant say if u dudnt do that u wnt get marks whtevr u write examiner examines it if its valid he will give u marks no problem relax dude.i could make only diagrams as i chose last 2 questions

 

[sycho cj]

thanx brother

 

[Bachelor]

thanx brother

any tym bro

 

[Fawwaz]

Can you guys , like answer my question too?

 

[Bachelor]

Can you guys , like answer my question too?

in that u had to argue whether prifits mean efficiency and they shud be encouragd or not?
u can say profit helps to be effiecnt as firmd try to minimse their cost to achieve it..define efficiency productive and allocative....in perfect competitiom its achieved bt nt in mnoply they xploit consumer by charging high prive hence earning supernormal profits..conclusion would be profits should be encouraged bt to certain limot and goverent shud keep an eye on the firms

 

[:: A^]

in that u had to argue whether prifits mean efficiency and they shud be encouragd or not?
u can say profit helps to be effiecnt as firmd try to minimse their cost to achieve it..define efficiency productive and allocative....in perfect competitiom its achieved bt nt in mnoply they xploit consumer by charging high prive hence earning supernormal profits..conclusion would be profits should be encouraged bt to certain limot and goverent shud keep an eye on the firms

Same thing i wrote <3

 

[rackstagryan]

umm guys for the possible causes of unemployment question i did not write all the actual causes as in i mention seasonal and cyclical but my other causes were stuff like derived demand, technological changes etc. how much marks do u think i would be loosing for that out of 12? :/