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Paul
4.6.4 Causes of economic growth
Dear John I agree with your points. I do not see any reference to "unemployment" on this site page, if that is what you're referring to. With best wishes
John
4.6.4 Causes of economic growth
Doesn't the PPC only shift inwards if there is a loss in/destruction of resources or war etc, hence the economy's productive capability falls. Unemployment is a loss in efficiency so its a move from a point on the PP curve (or just inside it) to a...
Paul
4.6 True or False Quiz
Dear John You are correct that the formula will not be assessed in the Cambridge exams (outgoing and new syllabus). Similarly, AD and AS are not explicitly mentioned in the syllabi. As you state, many teachers use these terms and the formula...
John
4.6 True or False Quiz
Very good true or false. Many thanks. The formula C+I+G+(X-M) is not mentioned in the syllabus so we assume Cambridge won't test it. We see how useful it is though to measure expenditure/demand in the economy. No doubt, some teachers also use AD/AS...
Paul
Unit 4.3 - Paper 1 Exam Practice Questions (3)
Dear John You are correct - this is simply based on the ceteris paribus assumption, that such tax incentives stimulate FDI in the domestic economy and thereby boost exports. Best wishes
John
Unit 4.3 - Paper 1 Exam Practice Questions (3)
In the MCQs, q14. I see how a narrower tax base can make exports look more price competitive. How does more FDI contribute? Is this assuming more multinational are contributing to the countrys exports assuming no change in imports or does a narrower...
Paul
4.3.4 - Classification of taxes
Dear John Thanks for your comment - you are correct. I have added some examples to clarify this matter. With best wishes
John
4.3.4 - Classification of taxes
Surely VAT is regressive because it takes a higher percentage of poorer peoples' incomes. Yes, its flat rate in the sense that in the UK the standard rate is 20% and some g & s are zero rated or exempt VAT which reduce its regressiveness. But...
John
4.3.3 - Reasons for taxation
Good true and false questions
John
4.3.1 - Definition of the government budget
Good set of MCQs!
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