堀宣行
2020-4-3 00:27:23
The Economic Impacts of COVID-19
Coronavirus disease (COVID-19) is an infectious disease caused by a new virus. The coronavirus outbreak is a human tragedy. During this period, there is not enough medical staff in public hospital in Spain and Italy.
(a) An economist stated, `Although the government drastically increase the salary of the medical staff, the problem has been worsen.’ With the aid of diagram, justify his statement. (5 marks)
(b) A sector of the global economy that is feeling major pain from the coronavirus pandemic is the tourism industry. From tour guides to street vendors, everyone who depends on visitor spending is suffering losses. Also, many employees were laid off or request to work from home.
Discuss the effect of Coronavirus disease on economics variables include
(i) Aggregate Output
(ii) Unemployment rate
(iii) ONE other economics variable (12 marks)
自己作左條垃圾
歡迎玩下
財神駕到
2020-4-3 01:09:37
（a) medical staff: wage 升 demand 升 shortage 大了？
（b)1export drop-> ad drop-> real output drop
2: unemployment population rises->unemployment rate rises
3: price level: ad drop-> price level drops
堀宣行
2020-4-3 06:28:48
大致岩哂
為何我是巨蟹座
2020-4-3 14:23:21
此回覆已被刪除
哈哈波特
2020-4-3 16:49:08
小弟今年dse試下答
:^(
(b)(i) As the number of tourists drops, export of services decreases. Aggregate demand and output drop. As many employees were laid off, the number of labour drops. Short-run aggregate supply and output drop.
(ii) Unemployment rate = (Unemploted population / labour force)
As the industry which depends on visitors is suffering losses, tour guides may be fired and lose their jobs. Unemployed population increases while labour force remains unchanged. Unemployment rate increases.
(iii) Economic variable: Fiscal balance
As the global economy suffers major pain from coronavirus, the companies worldwide have less profits and profit tax revenue decreases. The labours have less salaries due to the worsening economy, so profit tax revenue drops. At the same time, the government has to provide more unemployment benefits because of the increasing unemployment rate, so the govenment expenditure increases. The fiscal balance worsens as a result.
堀宣行
2020-4-4 17:12:57
證明呢題太垃圾
堀宣行
2020-4-5 22:25:51
你通常MC岩幾題?
哈哈波特
2020-4-5 22:36:00
40-42咁上下
發膠瘋
2020-4-5 22:37:45
有冇覺得DSE Econ 好簡單
應該要學GCE AL 主寫essays
:^(
堀宣行
2020-4-5 23:17:17
Lv5~5*倒
Ads
BERK
2020-4-5 23:26:13
應該問:
Is Coronavirus a supply shock or a demand shock?
小弟一一解答