Answers
1. C
2. A
3. B
4. D
5. C
6. A
7. C
8. C
9. A
10. B
11. A
12. D
13. A
14. B
15. A
16. B
17. C
18. D
19. C (well, it's actually B, but not for year 12 economics)
20. D
Those are the answers, feel free to dispute them, I'll tell you why your wrong. I got 17/20
One of them was because I just circled the wrong thing, other 2 were because they were cunts of a question.
2. A
Structural change is required for economics development, real incomes is the closest thing to GNI per capita. GDP is
not an indicator of economics development, GDP per capita and GNI are however.
9. A
Until the introduction of John Howards new industrial relations reforms award or "safety net" wages exist in all agreements no matter what. It's illegal to pay below said wage. I got this question wrong, I put D, which could also be right, but it's not the most correct answer.
10. B
Again, it's the most correct answer. C is right, to an extent, but B is the right answer.
11. A
This is pretty simple, the difference between revenue and expenditure has grown and GPD growth figures has also grown.
16. B
Again pretty self explanitory.