w w w e tr .X m eP UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level e ap .c rs om MARK SCHEME for the October/November 2007 question paper 9708 ECONOMICS 9708/02 Paper 2 (Data Response and Essay (Core))‚ maximum raw mark 40 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate
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led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic savings are low. The result higher investment = more GDP and higher living standards. Foreign Direct Investment (FDI): is where
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Assume a consumption function that takes on the following algebraic form: C = $100 + .8Y. Assume that Y = $1000 what is the level of consumption at this income level. C = $100 + .8($1000) = $100 + $800 = $900. 1. Using the above figure calculate the marginal propensity to consume between the aggregate income levels of $80 and $100. Also explain why this consumption function is linear. The marginal propensity to consume is equal to $15/$20 = .75. The consumption
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Population of China and its impact on future economy and society of China- A Demographic comparison with India Ved Prakash‚ M.Sc. Mathematics‚ Indian Institute of Technology‚ Kanpur Abstract: China had a population of just 694‚581‚759 in the year 1964 and a GDP measure of216462 Million US Dollar in 1978.But today China has a population of 1.34 Billion and a GDP of 7321508 Million US dollar. Population explosion in China was an outcome of high economic growth as well as a reason of heavy profits
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In economics‚ there are many fallacies that exist. In relation to economics‚ a fallacy is a policy or theory that can be misleading if based on faulty reasoning yet is still accepted by many as fact. Economists attempt to use information based on statistics and facts in order to hypothesize relevant theories. Due to the fact that economists and others that are involved in making decisions on economic policies are human‚ human error can occur. As a result‚ policies put in place that seemed logical
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What Drives Political and Economic Development in Ancient Civilizations? Compared to present-day civilizations‚ civilizations of the past depended much more on its physical surroundings. Because transporting goods required lots of time and manpower‚ it was expensive. Thus‚ the characteristics of many civilizations were dependent on the physical environments and natural resources that were easily accessible. Clearly‚ a civilization centered on a river has major advantages over one that is not
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The Effect of Consolidation on the Veterinary Industry Considering the veterinary industry as a whole is undergoing major consolidations at an unprecedented rate -- with vet companies and medical suppliers becoming more concentrated with fewer firms that are larger in size -- it comes as no surprise that both the large animal and small animal sectors will soon be seriously impacted by corporate mergers‚ particularly as they relate to the cost of running individually owned practices and veterinary
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Economics for Managers 2e Paul Farnham Test Bank Sample Keywords: economics for managers 2nd edition economics for managers farnham economics for managers farnham solutions economics for managers farnham test bank Note: THIS IS NOT THE ACTUAL BOOK. YOU ARE SEARCHING for the Test Bank in e-version of the following book: Economics for Managers 2e Paul Farnham Source: http://economicsformanagersfarnham.wordpress.com/ Receive Solutions to Academic Problems within 24 hours! We have ALL the solutions
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most infamous wars that involved Europe was World War I‚ and the scale of the war shocked Europe along with the rest of the world. World War I had many economic‚ social‚ and political causes‚ and many things happened because of this war. Nations fought in this war to solve many of the issues that caused it‚ but it did a poor job of actually solving those problems. World War I had many causes that were either economic‚ social‚ and political. The main economic cause of the war was the practice of imperialism
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CONCEPTS OF UNITY AND INTEGRATION Unity is generally known as the united of different social and cultural backgrounds‚ into one physical entity. National unity is one of the targets of government policies in task to promote the greater integration amongst different race‚ different background of country’s committees. The unity of the country will be exist when the sharing of power‚ a democratic government sound economic distribution and cultural tolerance were found. For example‚ in Malaysia‚ to unite
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