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HSC Economics Question Thread
violet123:
I don't know how to answer this essay question:
Analyse the causes and effects of external stability.
This is a question from topic 3 economic issues.
Any advice on how to structure a response on this and how to answer this question would be greatly appreciated.
KingTings:
--- Quote from: violet123 on July 12, 2019, 08:35:33 pm ---I don't know how to answer this essay question:
Analyse the causes and effects of external stability.
This is a question from topic 3 economic issues.
Any advice on how to structure a response on this and how to answer this question would be greatly appreciated.
--- End quote ---
Is this a short answer question? If so,
I would define external stability (the ability of Australia to meet its foreign debt and equity servicing obligations)
Explain the types of Causes - Cyclical (Exchange rates/international competitiveness interest rates etc.) and Structural (savings and investment gap = high foreign investment = debt and equity servicing costs on NPI, narrow export base etc.)
Explain the Effects and make a judgement on its significance: tarnished triple A credit rating = less investment (maybe mention pitchford thesis) = less economic growth and due to lack of investment to fund businesses etc.
Hope this helps a little!
violet123:
I need help on answering this question?
Discuss how a change in Australia's terms of trade can influence the exchange rate and international competitiveness.
violet123:
How do I calculate GDP growth when I am given CPI and nominal GDP?
An example of such question is in the 2018 HSC paper in the short answers
LoneWolf:
Hey Ppl,
year 11 student here,
In my text book it states "The RBA seeks to maintain the longer-term stability of the financial system by avoiding financial crises. This protects the deposits of members of the public, without actually providing a formal guarantee for depositors' funds
Can some1 explain this in layman's terms please!?
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