Ib Economics Internal Assessment Example
Victor Avianto (001863-018) IB Economics: Internal Assessment
COMMENTARY 3 COVERSHEET Commentary number: 3
Title of extract:
China lifts fuel price, raising inflation concerns
Source of extract:
BBC
Date of extract:
21/02/2011
Word count:
746 words
Date written:
20/03/2011
o Section 2: Microeconomics:
Sections of the syllabus to which the commentary relates:
þ Section 3: Macroeconomics: 3.3, 3.5 o Section 4: International Economics: o Section 5: Development Economics:
Candidate Name:
Victor Avianto
Candidate No:
001863-018
Checklist for handing work in
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Work in right order
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Source is unique for portfolio
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Diagrams included
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Within the word count
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Has been produced individually
15 of 28
Victor Avianto (001863-018) IB Economics: Internal Assessment 21 February 2011 Last updated at 14:37 GMT
China lifts fuel price, raising inflation concerns
China is the world's second-‐largest oil consumer
China has raised fuel prices for the second time in three months as it looks to offset a jump in global crude costs. However, the move has raised questions over government attempts to slow inflation. China, which subsidies the cost of fuel, increased the price of wholesale petrol and diesel by $53 (£34) per tonne from Sunday. Further price rises may be needed if the cost of oil keeps rising on the international market, analysts said. Instability in the Middle East has raised concerns about supply, and the price of oil has climbed to more than $100 per barrel. Capping demand China's National Development & Reform Commission (NDRC) said that the price rise was needed to slow demand for oil and fuel in China. "Excessively fast growth in oil consumption is exceeding the tolerance capacity of our
COMMENTARY 3 COVERSHEET Commentary number: 3
Title of extract:
China lifts fuel price, raising inflation concerns
Source of extract:
BBC
Date of extract:
21/02/2011
Word count:
746 words
Date written:
20/03/2011
o Section 2: Microeconomics:
Sections of the syllabus to which the commentary relates:
þ Section 3: Macroeconomics: 3.3, 3.5 o Section 4: International Economics: o Section 5: Development Economics:
Candidate Name:
Victor Avianto
Candidate No:
001863-018
Checklist for handing work in
þ
Work in right order
þ
Source is unique for portfolio
þ
Diagrams included
þ
Within the word count
þ
Has been produced individually
15 of 28
Victor Avianto (001863-018) IB Economics: Internal Assessment 21 February 2011 Last updated at 14:37 GMT
China lifts fuel price, raising inflation concerns
China is the world's second-‐largest oil consumer
China has raised fuel prices for the second time in three months as it looks to offset a jump in global crude costs. However, the move has raised questions over government attempts to slow inflation. China, which subsidies the cost of fuel, increased the price of wholesale petrol and diesel by $53 (£34) per tonne from Sunday. Further price rises may be needed if the cost of oil keeps rising on the international market, analysts said. Instability in the Middle East has raised concerns about supply, and the price of oil has climbed to more than $100 per barrel. Capping demand China's National Development & Reform Commission (NDRC) said that the price rise was needed to slow demand for oil and fuel in China. "Excessively fast growth in oil consumption is exceeding the tolerance capacity of our