Why do we want low and stable prices is a common exam question. In addition understanding the impact of deflation or high inflation on the economy is often a question that students become easily confused with. In this excellent short podcast, identified by the Principal Examiner for Paper 6EC02, the BBC carefully answers these questions for you. Following on from your studies in lessons - make some notes from this podcast that you can share with me over the coming week.
http://www.tutor2u.net/blog/index.php/economics/comments/in-the-balance-podcast-inflation-and-deflation-discussion
Friday, 14 November 2014
Friday, 7 November 2014
AS/A2 Revision - understanding Real GDP per capita at PPP
Great resource here as you prepare for your mocks:
http://www.tutor2u.net/blog/index.php/economics/comments/when-will-china-overtake-america/
Economist article on growth in China slowing down
Understanding of PPP as you make your own forecast on when China may overtake the USA as biggest economist in the world and the Big Mac Index.
http://www.tutor2u.net/blog/index.php/economics/comments/when-will-china-overtake-america/
Economist article on growth in China slowing down
Understanding of PPP as you make your own forecast on when China may overtake the USA as biggest economist in the world and the Big Mac Index.
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