Section I
Section I
Question 5 - 2002 HSC
Cause of a decrease in hidden employment
Section I
Section I
Question 6 - 2002 HSC
Value of the Gini coefficient shown in the Lorenz curve for a nation
Section I
Section I
Question 12 - 2002 HSC
Measure of the value of the Australian dollar against the currencies of Australia's major trading partners
Section I
Section I
Question 15 - 2002 HSC
Identify the year the annual inflation rate was 10%, given the Consumer Price Index for a nation over a four-year period
Section I
Section I
Question 19 - 2002 HSC
Calculate the value of exports, if Y = 200, C = 50, I = 20, G = 40 and M = 30,
Section I
Section I
Question 20 - 2002 HSC
Measure which could assist economic growth in developing countries
Section II
Section II
Question 22 - 2002 HSC
Using a table with data for types of labour force for a nation, (a) calculate the unemployment rate; (b) calculate the labour force participation rate; (c) explain an economic and a social cost created by unemployment; (d) explain how economic policies could be used by the Australian Government to reduce the level of unemployment.
Section II
Section II
Question 23 - 2002 HSC
Using a table of data for a closed economy, (a) write a formula for the simple multiplier (k); (b) calculate the value of the simple multiplier; (c) outline how the simple multiplier can affect economic activity; (d) explain a benefit if economic growth to an economy; (e) explain the impact of economic growth on ecologically sustainable development.
Section II
Section II
Question 24 - 2002 HSC
(a) Define the term inflation. (b) Outline causes of inflation. (c) Outline negative effects of inflation on an economy. (d) Explain government economic policies that could reduce the rate of inflation in an economy.
Section III
Section III
Question 25 - 2002 HSC
Explain the role of microeconomic policies in assisting structural change in the Australian economy.