Section II
Section II
Question 21 - 2002 HSC
Using a diagram of the price of $A in $US compared to quantity of $A, (a) state the economic term for the movement of the exchange rate of the $A from $US0.50 to $US0.60; (b) outline causes of increase in demand for $A; (c) explain how the Reserve Banks could intervene in the foreign exchange market to influence the exchange rate of the $A; (d) discuss economic benefits to Australia of an appreciation of the $A.
Section III
Section III
Question 28 - 2002 HSC
Analyse the impact of protectionist policies on the domestic and global economies.
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 26 - 2002 HSC
Analyse the impact of changes in the global economy on Australia's current account and net foreign debt.
