VCE Stuff > VCE Economics

new study design for eco Unit 3 &4? what is likely to appear on the exam (2018)

<< < (2/2)

lifeisgood:

--- Quote from: Elayg6 on October 23, 2018, 07:51:24 pm ---So since the exam is completed by March 2018, we cant say on the exam data for August 2018 (e.g. unemployment rate is 5.3% as of August 2018, 3.4% for economic growth as of June 2018) ?

--- End quote ---
nah I think its all good. from what my teacher said if it asks about assess the economies performance on achieving either of the three goal. Give data. it should be fine if you put the dates. if it is a question asking you to analyse a data chart I would stick to what is on the graph. I think giving current data just shows that you are knowledgeable and are up to date. see for the exam I'm gonna say the unemployment rate has fallen to 5% (as of sept 2018) blah blah blah. sorry if I'm rambling

Elayg6:


--- Quote from: lifeisgood on October 23, 2018, 08:04:42 pm ---nah I think its all good. from what my teacher said if it asks about assess the economies performance on achieving either of the three goal. Give data. it should be fine if you put the dates. if it is a question asking you to analyse a data chart I would stick to what is on the graph. I think giving current data just shows that you are knowledgeable and are up to date. see for the exam I'm gonna say the unemployment rate has fallen to 5% (as of sept 2018) blah blah blah. sorry if I'm rambling

--- End quote ---

Oh okay, cheers!

Chelsea f.c.:
For q1 it refers to ad-as diagram i believe you've studied??? I.e. A decrease in exports will shift ad curve left as it represents a decrease in output for each given level of inflation whereas Saudi sanctions I.e. Oil will increase inflation for each given level of output I.e. Shift supply up... try again (also remember short run and long run affects 1 paragraph each)

Why is current account deficit good??? It refers to a capital account surplus I.e.aussies are bad savers and cannot satisfy all businesses investment needs where international savers invest in our businesses thus increasing investment and leading to higher output and wages.... compared to America our debt is largely held by firms whereas as in America government debt is 20 trillion or thereabouts so that means money is used to create returns not wasteful consumption (a curly q)

And 3 is fine

lifeisgood:
 yeh for question 1 I got distracted and forgot to answer the diagram part of the question. thanks for the feedback.

Chelsea f.c.:
My advice if you want to rote learn something then it should be ad-as model use past answers/textbook to create a response to the 4 possible scenarios and fill in blank e.g. If there was an increase oil prices this would cause...

Navigation

[0] Message Index

[*] Previous page