Multiple Choice Solutions (1 Viewer)

[NotCricket]

12/20 someone kill me now

it's ok if u get 40 and 20 and 20 u get 96 hsc

 

[mrkypreo]

Hi,


18: A

Can someone explain this?

 

[photastic]

Can someone explain this?

"All other things being equal" means the MPC is constant
MPC = ΔC/ΔY = 40/50 = 4/5
k = 1/1-MPC = 5
ΔY = k x ΔE
100 = 5 x ΔE
ΔE = 20

 

[jer3m]

How did you get 19 and 20

 

[mrkypreo]

"All other things being equal" means the MPC is constant
MPC = ΔC/ΔY = 40/50 = 4/5
k = 1/1-MPC = 5
ΔY = k x ΔE
100 = 5 x ΔE
ΔE = 20

Thankyou, 19/20 for mc what a rookie error

 

[screwuhsc]

12/20 someone kill me now

just relax its not the end of your life

 

[screwuhsc]

Can someone pls upload the MC?

has any1 uploaded the mc part?

 

[GOsie]

18/20 Pretty hard multiple choice IMO, particularly the last 4 questions

 

[Ncm]

Does everyone agree q8 is c?

 

[mreditor16]

Does everyone agree q8 is c?

yep!

 

[Swaan]

19 yay
Got lucky on the last question though, just guessed it. (I didn't read that we were supposed to refer to the graph from q19, was confused af)

 

[Essay Questions]

Isn't the answer for Question 6 D? Isn't C not an externality because that was the intended consequence??

 

[hublay]

No question 8 can't be c). If the nominal GDP has risen to 105 and real GDP is 103 its saying that inflation had to rise faster than nominal GDP. As the nominal GDP is worth less because of inflation?

 

[BiasedBuffalo]

Isn't the answer for Question 6 D? Isn't C not an externality because that was the intended consequence??

Note it says *existing* airport. If you're building another airport, the number of jobs will likely decrease at the existing one.
Decreased traffic is still a positive externality, whether it was intended or otherwise.

 

[Beterban]

No question 8 can't be c). If the nominal GDP has risen to 105 and real GDP is 103 its saying that inflation had to rise faster than nominal GDP. As the nominal GDP is worth less because of inflation?

same logic here bro

i got d

 

[Constantine]

Note it says *existing* airport. If you're building another airport, the number of jobs will likely decrease at the existing one.
Decreased traffic is still a positive externality, whether it was intended or otherwise.

fuck i read that as new airport...

 

[BiasedBuffalo]

fuck i read that as new airport...

You're not alone- I had filled in that answer but luckily I had time to check. And I know a lot of people in the same boat (

 

[LandCo]

16/20 the last 3 and q15????

 

[photastic]

If you coloured your answers using a dark pencil, do u get zero?

 

[BiasedBuffalo]

If you coloured your answers using a dark pencil, do u get zero?

I don't think they care whether you use a pen, pencil, crayon or blood; as long as you filled them in you're fine.