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Paper 1 consists of one prompt from each of Microeconomics, Macroeconomics and Global Economics. Students choose and write on one of the prompts only. Each question is divided into two sections with part (a) being worth 10 points and part (b) being worth 15. Paper 2 involves answering one of two data response questions.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
In foundation-tier papers, pupils can obtain a maximum grade of a C, while in a higher-tier paper they can achieve a minimum grade of a D. Higher-tier candidates who miss the D grade by a small margin are awarded an E. Otherwise the grade below E in these papers is U. In untiered papers pupils can achieve any grade in the scheme.
In the Philippines, Grade 10 or Senior Year (Filipino: Ikasampung Baitang), is the last year of Junior High School and the fourth year of High School curriculum. Students enrolled in Grade 10 are usually 15–16 years old. Student can also starts as young age education usually on female students than male students at the age of 1-15 years old.
On 12 April 2018, the police said that Rakesh Kumar, who leaked the class 12 economics paper, had leaked class 10 mathematics paper also. [40] Consequently, the Central Board of Secondary Education has put in place a system of "encrypted" question papers, which are supposed to be printed by the schools half an hour before the exam starts. [41]
The change from an A*-G grading system to a 9-1 grading system by English GCSE qualifications has led to a 9-1 grade International General Certificate of Secondary Education being made available. [13] Before, this qualification was graded on an 8-point scale from A* to G with a 9th grade “U” signifying “Ungraded”.
Economic equity is the construct, concept or idea of fairness in economics and justice in the distribution of wealth, resources, and taxation within a society. Equity is closely tied to taxation policies, welfare economics, and the discussions of public finance, influencing how resources are allocated among different segments of the population.
In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital). [1] In general theory and in for example the U.S. National Income and Product Accounts , each unit of output corresponds to a unit of income.