Welcome to PAS CLASS IB
Mathematics has been described as the study of structure, order and relation that has evolved from the practices of counting, measuring and describing objects. Mathematics provides a unique language to describe, explore and communicate the nature of the world we live in as well as being a constantly building bodyRead More
1: Explain the potential effects on the economic growth rate from substantial increase in the number of skilled people of working age entering a country. 2: Discuss the view that, apart from indicating economic growth rates over time, national income statistics are of little use. 3: Evaluate the view thatRead More
1: Explain why structural unemployment might occur in an economy. 2: Explain why a high rate of inflation may negatively affect both a country’s export competitiveness and the level of capital investment by firms. 3: Explain the cause of cyclical (demand-deficient) unemployment. 4: Discuss the view that the most significantRead More
1: Using the concept of the multiplier, explain how an increase in investment might affect aggregate demand. 2: Explain the possible impact of an increase in wealth and consumer confidence on aggregate demand. 3: Examine why, in contrast to the monetarist/new classical model, the economy will not automatically return toRead More
1: Explain how changes in the size of the circular flow depend on the relative size of injections and leakages.
