Acronyms in Economics

[frog1944]

Hi,

I've been reading through the ATAR notes HSC economics textbook (and others as well), which contain lots of acronyms, are we allowed to use these acronyms in our HSC exam e.g. BOP, GDP, KAFA surplus, NPY, NSY, TWI, Y (income), M (imports), X (exports) etc? Or if the question said, "Explain the Trade Weighted Index", I'd have to say "trade weighted index" when I referred to it instead of TWI?

Thanks

[lcamilleri.53]

Hi,

I've been reading through the ATAR notes HSC economics textbook (and others as well), which contain lots of acronyms, are we allowed to use these acronyms in our HSC exam e.g. BOP, GDP, KAFA surplus, NPY, NSY, TWI, Y (income), M (imports), X (exports) etc? Or if the question said, "Explain the Trade Weighted Index", I'd have to say "trade weighted index" when I referred to it instead of TWI?

Thanks

I'm pretty sure if you say the full name once and put the abbreviation in brackets, you are then allowed to refer to the acronym from then on