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My definition: the situation when Australia's dealings with the rest of the world are almost in equilibrium. This is the definition from the excel textbook, but it was marked wrong in my half yearlies. What is a more acceptable definition?

And the domestic output increases because there is increased protection for local producers, right?

Awesome!!!

It will never ever ever ever ever ever ever be in surplus lol

I got my teacher to try and work this one and he had trouble, so I was left not knowing...

Troll ^ CAD is -$40.5bn

3.25% as of Oct 2012

Pumped. Studied all year for this and I'm ready to bend it over the table and give it an asshole *this* big.

I'd also try to add distribution of income in with carbon tax if it was asked

Hasn't been a question since 2009... So I guess it's more likely that they will include one. I actually wouldn't mind a case study question since I got 19/20 and 20/20 for a school assessment and trial respectively.

I think they could possibly link the carbon tax with distribution of income as well... It's just a hunch that it will be a stimulus essay.

Well it's very unlikely then...

I feel that the economics exam will most probably feature a question about environmental management and the carbon tax. What do you think?

Well the maximum you can get in standard is a band five. If you get a mark higher than 90, it will be scaled down to the 80s. The rationale behind this is that if you are good enough to get a band 6 in standard, you should have done advanced. But otherwise, not sure. A 75 in advanced would be...

engineering studies? design and technology? general mathematics?