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Saturday 27 May 2017

Assessment Week Paper 2 - Macroeconomics

Can I suggest you look at the following when revising for paper 2:

Index numbers (again)

Deflation
Under-employment
Negative output gap - remember diagrams
Taxes and tax allowances (easy to get second one wrong)
Net trade
Causes of trade deficit
GDP/capita - causes of change
policies to improve productivity (NOT production)

Essay questions

benefits of econ growth
is recession inevitable

The essays will need you to look at the data as well as you own knowledge.



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