9708/12 Answers
Answers to all 30 questions of 9708/12 (questions not in order)
- PPC answer insufficient FOP
- Opportunity cost D (non virus patients)
- Normative statement D
- Price high income low for ped xed question
- Instant noodles answer unemployment
- X has comparative advantage in butter
- FDI is not part of current account
- Deficit increased by interest rates
- Consumer surplus ans B
- GDP GNP difference D remittances
- Cost push inflation q ans exchange rate depreciation
- Contractionary monetary policy graph question D
- Monetary policy question increasing amount of notes from central bank
- SRAS increased by immigration of workers
- Price floor is minimum price
- Market economy will not have public goods
- National defence spending is public good
- AD increases by reducing budget surplus
- PES unchanged producer surplus increases
- Profit income varies answer B (all things being deducted from profit)
- Index question: cost of living doubled
- Terms of trade ans: purchasing power of exports
- US Dollar demand increases by firms being bought
- Imports of textile least affected by sales tax
- Govt has to pay 4000
- Choosing macroeconomic objectives is normative
- Mobile phones joint demand with network
- Oil Shortage Q: demand increase supply decrease
- High unemployment low investment
- primary income deficit increased by dividends