Q and A bank 3A.19

Discussion in 'CT7' started by asn123, Oct 14, 2014.

  1. asn123

    asn123 Member

    How do we calculate the financial account(including reserves) and the change in reserves..
    Could some please explain with the logic behind it?
    Also in question bank 4A.7, the gdp deflator value of 2013 is taken as that of 2003 and the gdp deflator value of 2003 is taken as that of 2013..is there a misprint?
    Thankss!
    -ASN
     
    Last edited by a moderator: Oct 14, 2014
    asn123, Oct 14, 2014
    #1
  2. Anna Walklate

    Anna Walklate ActEd Tutor Staff Member

    Before posting threads, it is often worth looking at past threads. I think your first question has already been answered:

    http://www.acted.co.uk/forums/showthread.php?t=10106

    In terms of your second question, yes, I think there is a typo in the notes. The figures are correct, but the GDP deflators have been mislabelled - it should be the 2003 deflator in the numerator and the 2013 deflator in the denominator. I will get this corrected at the next possible opportunity.
     
    Anna Walklate, Oct 17, 2014
    #2

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