A2 ECONOMICS: Guess Paper-4

[mariam_anwar]

Wage theory, national income accounting, theory of income and employment, Market structure and economic efficiency, and government macroeconomic aims are very very important this time. Further, you can see the guess paper posted above to have an idea about important topics.

Monetory and fiscal policy aren't imporatnt ??

 

[MnMz]

mariam_anwar

I think that the guess paper covers everything....=)

 

[MnMz]

Qamar Baloch:
Sir no i'm not from pakistan...and i was wondering could you please jst send me those answers?

 

[Qamar Baloch]

Monetory and fiscal policy aren't imporatnt ??

question regarding inflation and interest rate is from monetary policy. Macro economic aims of the government including inflaion, unemployment, economic growth and favourable BOP are achieved by using fiscal and monetary policies. So, it means I have given much importance to fiscal ad monetary policy.

 

[Sameer mubashar]

Sir can you mail me solved guess paper?

 

[Qamar Baloch]

s

Sir can you mail me solved guess paper?

end request on my ID

 

[MnMz]

Sir what is your ID??

 

[Qamar Baloch]

Sir what is your ID??

Sent to you.

 

[MnMz]

Sir where did you send it ?? I did not receive anything...

 

[Qamar Baloch]

Sir where did you send it ?? I did not receive anything...

[email protected]

 

[MnMz]

I sent a request to your ID ... =) how long will it take to receive the solved guess paper?

 

[Qamar Baloch]

I sent a request to your ID ... =) how long will it take to receive the solved guess paper?

have you received that?

 

[MnMz]

Yes I did ....sir but I would appreciate it if you would send me the answer for question 5
@ [email protected]

 

[Qamar Baloch]

Yes I did ....sir but I would appreciate it if you would send me the answer for question 5
@ [email protected]

Ok

 

[MnMz]

Ok

Sir I Didn't get answer no. 5 yet!

 

[Bint]

salam sir qamar can you help me with substitution and income effect i understand the concept but how should i write in detail about it in an exam if there comes a question what shud i include in the answer? thnks it wud be great help!

 

[salmankhan00]

Note: Guess means something predicted based on experience and evaluation skills. It can never be the actual keep it in mind. According to my speculation Examiner will ask the same questions but with different statements. But the same knowledge will be tested InshaAllah. Those who are very week in studies are advised to learn at least Q.1, 3 and 5. ​

V.V.V.V.V Important questions 1, 3 and 5. Don’t forget to revise them. I wish all of you best of luck!​

Section B​

Yes i know that Sir. Even if the guess ppr do not help us in any way, still your work is commendable !
Hats off to u Sir!
At this point in exams, students are tense and cannot study b/c of nervousness and things like these prove to be a motivating force. Thankyou Sir !

1. In 2006 it was reported that a country’s unemployment rate had remained steady

and that its central bank, through its interest rate policy, had prevented an ​

increase in inflation despite a sharp rise in oil prices.​

​

(a) Explain what might cause unemployment. [12]​

(b) Discuss how interest rate policy might prevent a rise in inflation. [13]​

​

2. (a) Explain the factors influencing the level of investment in an economy. [10]​

(b) Discuss the extent to which national income is determined by private ​

investment. [15]​

​

3. Discuss how far the GDP figure might be used to determine whether one country ​

has higher living standards than another. [25]​

​

4 Airbus, a large aircraft manufacturing company, announced in 2007 that its goal ​

was to increase its $475 million research budget by 25 % in order to try to develop ​

a more environmentally friendly aircraft that had lower fuel consumption.​

​

(a) Explain why Airbus is likely to be in an imperfect rather than a perfect market ​

structure. [10]​

(b) Economics textbooks sometimes criticise firms in imperfect competition as being ​

against the public interest. What does this mean, and how far does the Airbus ​

announcement prove the textbooks wrong? [15]​

​

5. Discuss what might cause inequalities in wage rates in an economy. [25]​

​

6. In 2009 there were huge fires in Australia which destroyed much property and ​

countryside.​

The government promised to allocate a large amount of money and resources to ​

help with the restoration of the area.​

(a) With the help of diagrams explain what is meant by efficiency in the use of ​

resources. [12]​

(b) Discuss the economic implications of the government’s approach to the situation. ​

[13]​

​

7.
Most governments aim for full employment and stable prices. Which of those two aims should your government seek to achieve in the coming year and how might this choice affect the other aim? [25]

 

[salmankhan00]

mariam_anwar

I think that the guess paper covers everything....=)

Fortunately Yes !

 

[salmankhan00]

Note: Guess means something predicted based on experience and evaluation skills. It can never be the actual keep it in mind. According to my speculation Examiner will ask the same questions but with different statements. But the same knowledge will be tested InshaAllah. Those who are very week in studies are advised to learn at least Q.1, 3 and 5. ​

V.V.V.V.V Important questions 1, 3 and 5. Don’t forget to revise them. I wish all of you best of luck!​

Section B​

1. In 2006 it was reported that a country’s unemployment rate had remained steady

and that its central bank, through its interest rate policy, had prevented an ​

increase in inflation despite a sharp rise in oil prices.​

​

(a) Explain what might cause unemployment. [12]​

(b) Discuss how interest rate policy might prevent a rise in inflation. [13]​

​

2. (a) Explain the factors influencing the level of investment in an economy. [10]​

(b) Discuss the extent to which national income is determined by private ​

investment. [15]​

​

3. Discuss how far the GDP figure might be used to determine whether one country ​

has higher living standards than another. [25]​

​

4 Airbus, a large aircraft manufacturing company, announced in 2007 that its goal ​

was to increase its $475 million research budget by 25 % in order to try to develop ​

a more environmentally friendly aircraft that had lower fuel consumption.​

​

(a) Explain why Airbus is likely to be in an imperfect rather than a perfect market ​

structure. [10]​

(b) Economics textbooks sometimes criticise firms in imperfect competition as being ​

against the public interest. What does this mean, and how far does the Airbus ​

announcement prove the textbooks wrong? [15]​

​

5. Discuss what might cause inequalities in wage rates in an economy. [25]​

​

6. In 2009 there were huge fires in Australia which destroyed much property and ​

countryside.​

The government promised to allocate a large amount of money and resources to ​

help with the restoration of the area.​

(a) With the help of diagrams explain what is meant by efficiency in the use of ​

resources. [12]​

(b) Discuss the economic implications of the government’s approach to the situation. ​

[13]​

​

7.
Most governments aim for full employment and stable prices. Which of those two aims should your government seek to achieve in the coming year and how might this choice affect the other aim? [25]

Sir can u plzzzzzzzzzzzzz send me answers to these questions??
[email protected]
i sent u a request but got only the answer to economic efficiency question..
Besides this, u said that u have a data response too, wherez dat??

 

[hychristine]

Sir I Didn't get answer no. 5 yet!

i wrote it u can find out on page 5