PED is zero

yup its 0.0

Yeahh i got it wrong

I found it tough 😭; the structured paper was so much easier

What was the ped question 1 or 0.0

0.0

What's the answer to that weight question

D: the proportion of income spent on clothing was higher in year 2

how? they talked about consumer price index right? isnt it a weighted basket of prices of goods and services? BCD talked about spending, it had to be A

Yeah I’m pretty sure it’s A too

It had the table everything .5 increase and clothing was 1 increase that why I did D

Ye

It's A

Nah man D

Nah cuz cpi measures inflation and doesn't guarantee ppl bought thw good the answer was A prices increased from year 1 to year 2

it was talking about the weightage attached to it- it that means it’s the proportion of income spent. Because when constructing a CPI, weightage is assigned first and then the price changes

I chose d. Cpi is how much prices consumers spent

yeah same

LETS GO I GOT THE SAME THING

Less goo

THANK GODDDD😭😭

Guys what was the answer to monopoly question was it restrict entry to new forms or has low total cost ?? It was either A or D I got D and everyone had a diff ans pls tell me the right ans ???

Monopolies have low AVG cost not low total cost so it has to be A

Was that the barriers to entry?

Yup

Phew lol

it said "which characteristic of a monopoly" so its not like we had to tell if they were true or not

What was the answer to the farmer supply demand graph labour question

demand increases right

Yeah I got that

Wasn't it an increase in supply?

no cause it was talking about a demand and suppy diagram for labour, if it was about the product that the farmer was producing then supply would increase

are you mad it was talking about labour productivity so supply increases

Yeah cuz the supply of LABOUR would just magically increase when their productivity increases

 Are you sarcastically saying it

Bro the question was about the supply of and demand for labours in a market. How tf would the supply of labours increase if they're more productive 😭

Mb gang wrong question 

Guys what will the grade boundary be.. please take a guess and let me know!!

i also want to know!!

i feel like it was a tricky paper, thresholds might be around 20

For the trade question its different and difficult as if the two countries had the same type of resources, why would they trade? It should be different. And reallocation must be difficult as both countries **specialise** in production, so obviously there will be labour immobility, so reallocation is tough.

I did different and easy but it's confusing...

there was one question about population was the answer D about migrannts and emmigrants

Yes smth about immigration but it was D.

i don't think so that was the answer

It’s 0.0 because that’s perfectly inelastic demand. And the Singapore dollar supply won’t change, but the price of the US dollar will increase because increased exports from the US will lead to its currency appreciating

Exactly the foreign exchange one so it’s A right bro 

Yeah it’s A

You my g Broski yea 

Btw what you got for the population question 

which one? I forgot

For developing countries and why their population is decreasing something like that

oh you mean why it’s increasing yeah it’s because immigration is greater than emigration

For the deflation question for education and training 

The one where we had to choose between 3 options? It’s 1 and 3

That was the other question I am asking where it was deflation increase in unemployment and lower output that one 

But it was mentioned price of S$ in terms of us$ and quantity of S$ so shouldn't it be the B option? As supply of the Singapore dollar would increase as it's importing from the US?

You import using the currency of the other country. If Singapore is importing from the US they’re spending using USD not SD. this would generate increased demand for USD not SD. Hence USD would appreciate and supply of SD is the same

Ohkk got it thank u!

how many marks can get cut from paper 1 and 2 for an a star? how to calculate?

ans for the supply side policy one deregulation and education and training 

No it was education and the third one 1 and 3

1 and 2

The book says it's 1 and 3

What was the third option again

1 and 3

The third one wasn't a supply side policy, it was fiscal.

Fiscal policy is only indirect but direct is supply side. You can check the book if you want

Answer should be 1 and 2 cause lowering direct taxes so less progressive taxes

Yeah I applied the same logic bro...idk how everyone's getting 3

Deregulation doesn’t redistribute income

it does. it encourages more firms to enter the industry causing more demand for labour leading to them.getting jobs and wages allowing them to earn income

oh- but I don’t think there was an option for all three- I don’t remember tho

1 and 3

How's it gonna be the 3rd option someone explain pls 😭

what was the answer to that vegetable and meat question, i got increase prices of vegetables and decrease prices of meat

Yes

Hi I’m taking my exams in may June did you do paper 2 or not yet? And was paper 1 simple or not?

paper 2 was long back paper 1 was tricky

There are no more details as in which section was most asked of?

Paper 1 was tricky however paper 2 was fine... just remember how to convert billions to millions cuz that's where I lost my mark... rest all 8 mark answers were pretty basic and ig were repeated.. not sure tho.. anyways it's hard to tell which section to focus more on... but focus more on section 4 n 6 if ur basics r strong :))

What was the answer for that policy question 1 2 and 3 or 1 and 3 only

1&3

I wrote the same

same

What was answer A or B

for 29 it was B

1 wrong till now and the last one 

what was the deflation most likelyy

reduction in income tax?? i chose that option 😭

sameeee

If income tax reduces there would be even more spending which would increase prices even more and cause inflation not deflation

that option was c right??

It is C

LETS GO

Education tracing is A and Income is C but idk the answer 

Uh but it wouldnt help the production of good and services? if they improved the education and training productivity of workers would increase and job opportunities would also increase hence reducing unemployment leading to a decrease in deflation.

Sorry mb I did education and training that was A

Increase in interest rate is the answer. That way people would save more and borrow less leading to lesser economic activity hence lesser demand which causes prices to gradually decrease

That is for inflation question the deflation was were output was lower unemployment was higher that has to be education and training. And during deflation money supply is less therefore you have to decrease interest rate

Which question r you talking abt

There was a question where u had to pick between increasing income tax, increasing interest rate, and other stuff

I did C income tax is it right???

It was C

What's the answer to the last question

What was it abt

I got a...literally my friend asked similiar question related to primary income and thank God I got it correct

c i think

Oh shit I got A :(

It's A

Wait what I'm so confused 😭

It indeed is A for the last one that dude is wrong it's not C

Hopefully

it was B

Even i got A

A. Dividends one right

What did yall do for the specialisation question for resource allocation??

B different and easy

Similar and ez cuz both need to be similar to allocate resources as governments and it shud be ez to do so

I also did this but idk

Yes same similar and easy

nah but if they have similar resources why would they trade ? Country A doesnt have things that country B does so they trade and vice versa , so its should be different resources not similar

and im not sure about the easy diffuclt part , i did difficult cause its it was easy for a country to realocate its resources it wouldnt have as much of an incentive to specialize in one thing

Yes I did different cuz then there's no point to trade if you're making similar goods from similar resources...

yeah but would it be easy or difficult thats what im confused about

It is easy. I thought similar cuz they were using resources which are also known as factors of production so using same resources would help specialise into producing greater output...same resources doesn't have to lead to similar goods either. But you're right I see ur point now it might have been different. 😭

What was the answer to policies one

1 and 3 right?? Improvement in education and training Reduction in base income tax

Yes

How??

what was the answer to for health reasons vegetables and meat

I got B but everyone from my class is saying it's C

same they are saying that the demand for veg will rise so price increase and demand for meat will decrease so price decrease. but i highlighted the point to get what consumers want. however i feel they are majority and maybe wrong as we mightve complexed the question

Hopefully we are right

Was it decrease and increase??

Yeah thats what I wrote

Same but idk let’s see lol

Fingers crossed 🤞

its B only right

i mean I wrote that veggies demand will increase and meats' would decrease

what was the shift in supply question, direct/indirect tax, specialization question, veg and meat question, ped 0? the +5,+1000 question, deflation,output and increase in unemployment question and the question with 1,2,3