CSSA Economics 2013 (2 Viewers)

[Insanity95]

Thanks
lucky i got it, i was sweating hard at that question haha

 

[SharkeyBoy]

Nominal x (100/CPI) = _______
So 840 x (100/105) = 800

yeah that. haha

 

[J2good4u]

You guys talk about recent implementation of macroeconomic policy?
Stimulus question so I thought it was necessary...

 

[joey95]

Just did it 2 hrs ago
MC- wasn't too bad nor S/A
Did Macro and exchange rate
Macro:
- Effects on economic growth- S/T+ L/T
- external stability
- distribution of income
about 5-6 pages

 

[2013maxweo]

Does anyone remember what the exchange rate question was?
Also how did you answer it?

 

[Bims]

What was the answer to the MC on decentralised wage determination system. Options were like:

minimum wage and x
enterprise agreements and y
individual wage agreements and z (or this may have been joint with one of the above options)
no government intervention in dispute resolutions and w ( ' ' ' ' ' )

 

[MBMD]

My guess is something to do with the exchange rate or CAD/Fiscal policy

Called it

 

[P.T.F.E]

Nominal x (100/CPI) = _______
So 840 x (100/105) = 800

Isn't it (CPI year 2 - CPI year 1 )/ CPI year 1= 0.05
Real GDP takes inflation rate of 5% into account, 5% of 840 = 42
therefore Real GDP = 798?

 

[SharkeyBoy]

Isn't it (CPI year 2 - CPI year 1 )/ CPI year 1= 0.05
Real GDP takes inflation rate of 5% into account, 5% of 840 = 42
therefore Real GDP = 798?

Was 798 even an answer though?

 

[Jazar334]

Isn't it (CPI year 2 - CPI year 1 )/ CPI year 1= 0.05
Real GDP takes inflation rate of 5% into account, 5% of 840 = 42
therefore Real GDP = 798?

Mate you were working out the inflation rate. The formula is CP1 Year 1 / CPI Year 2 (100 / 105) x Real GDP
Therefore 840 x 100/105 = 800.

 

[Kostie100]

Multiple choice... Qn 20? And what about the Lorenz curve one?

 

[bhsrepresent]

how much time do you guys spend in essays talking about current economic events/ non theory stuff? I.e. examples that aren't necessarily tied directly to the syllabus

 

[Kipling]

There was a multiple choice question that asked what statement best explained the difference between monetary and fiscal policy. One option was about how monetary policy has flow on effects whereas fiscal policy can be targeted at specific parts of the economy. The other option said that the RBA conducts monetary whereas the COAG (Council of Australian Governments) conducts fiscal. I chose the first one due to not being sure whether the COAG had anything to do with fiscal.. What was the answer?

 

[Kostie100]

There was a multiple choice question that asked what statement best explained the difference between monetary and fiscal policy. One option was about how monetary policy has flow on effects whereas fiscal policy can be targeted at specific parts of the economy. The other option said that the RBA conducts monetary whereas the COAG (Council of Australian Governments) conducts fiscal. I chose the first one due to not being sure whether the COAG had anything to do with fiscal.. What was the answer?

I put that as well (the 1 u put)

 

[SharkeyBoy]

There was a multiple choice question that asked what statement best explained the difference between monetary and fiscal policy. One option was about how monetary policy has flow on effects whereas fiscal policy can be targeted at specific parts of the economy. The other option said that the RBA conducts monetary whereas the COAG (Council of Australian Governments) conducts fiscal. I chose the first one due to not being sure whether the COAG had anything to do with fiscal.. What was the answer?

I put that as well (the 1 u put)

Same

 

[gilza95]

Wasn't it to find Real GDP
I did CPI (current year) / CPI (Present year) then I multiplied that by nominal GDP

 

[jazz171717]

Does anyway know what the essay questions were in the cssa trial paper?

 

[Drifting95]

Does anyway know what the essay questions were in the cssa trial paper?

Macro- Fiscal and Monetary
Micro- labour markets i think...
Exchange rates
International trade organisations and trading blocs