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  1. Zak Ambrose

    Eco question

    10. D as Y = C + I 11. Y = C + I + G - M + X 200 = 50 + 20 + 40 - 30 + X 200 = 80 + X X = 120 C 12. process of elimination. b is just wrong. a and c may be right using "pub" theory. but d is the only one that really works. 17. tax concessions - like the current solar panel...
  2. Zak Ambrose

    Eco question

    1. - $A appreciation > improved export income and lower import expenditure in the short run will improve the BOGS. - in the long run export income will deteriorate and import expenditure will increase due to reduced international competitiveness > deteriorate BOGS. 2. no idea - i know since...
  3. Zak Ambrose

    "with reference to [issue]..."

    correct.
  4. Zak Ambrose

    CSSA Economics 2009

    ok the Q is Describe TWO characteristics of a developing nation. firstly you've taken the quote from the textbook out of context. in its entirety it reads: the question is general so your answer should be general. Generally developing countries have average growth rates (but there are obvious...
  5. Zak Ambrose

    CSSA Economics 2009

    no, i would be an ungrateful scab if i went to my teacher and complained and ended up getting the 1 or 2 extra marks. which i didn't do, i accepted my mark and was happy with it.
  6. Zak Ambrose

    Modern game

    1945 - Yalta and Potsdam conferences, The Cold War emerges. Roosevelt dies, Truman becomes the US preseident. Churchhill looses his election to Atlee. Arms Race begins when Truman tells Stalin the US has the bomb. 3rd November 2009...
  7. Zak Ambrose

    Diagrams in essays?

    for something like this it's hard and somewhat useless to include diagrams. also, it's a good idea to include equations, e.g. you could include the equations used to measure australia's external stability.
  8. Zak Ambrose

    Diagrams in essays?

    it really depends on the question. for example. Outline the causes of an increase in demand for the Australian dollar, and discuss the impacts on the Australian economy of a sustained appreciation of the Australian currency. (Q27- 2006) - Define - appreciation - appreciation occurs when... -...
  9. Zak Ambrose

    Eco question

    the possible answer D involved the movement from 2006 to 2007. D says In 2007 exports to the United States became more competitive and import prices from the rest of the world rose. from 2006 to 2007 the $A: - appreciated against the TWI - depreciated against the US this means the first part of...
  10. Zak Ambrose

    Eco question

    ok. the $A appreciates against the TWI. so we discuss the economic impacts of an $A appreciation. - Capital (K) outflow may occur as foreign assets appear cheaper. - Imported (M) inflation will be reduced, which improves real incomes (Y). - our international competitiveness will be reduced, but...
  11. Zak Ambrose

    Eco question

    this is how i would answer it... 1 - structural change usually results in structural unemployment. short term cost of retraining the structural unemployed. 2 - short term constraint on output as a result of structural change.
  12. Zak Ambrose

    Diagrams in essays?

    i agree. - draw the diagram at least 1/3 the size of the page - give it a tag. e.g. Figure 1 - The Short Run Phillips Curve - label all necessary parts - in 4 or so lines explain what is happening in the diagram.
  13. Zak Ambrose

    Eco question

    key words: problems - structural change. all i can think of is the structural unemployment and all the social and economic problems associated with unemployment. perhaps also structural change acts as a constraint on economic growth in the short term as the resources of those structurally...
  14. Zak Ambrose

    Pitchford's thesis

    source: http://www.rba.gov.au/rdp/RDP2007-02.pdf
  15. Zak Ambrose

    Pitchford's thesis

    Professor John Pitchford from ANU argues the CAD is a result of the surplus on the capital and financial account. pitchford argues that a CAD deficit is not a problem as long as funds are invested properly - to improve capital, export industries etc. basically his thesis is just an application...
  16. Zak Ambrose

    Eco question

    there is no answer. have you copied the question out correctly?
  17. Zak Ambrose

    Modern game

    1889 - hitler's born? 1908 - Trotsky does something with Pravda i think
  18. Zak Ambrose

    reality?

    yes i think the current account balance for June 2009 is -$10 000mil. which is a MASSIVE improvement from previous years where it has been around 50000 to 60000 mil. source: 5302.0 - Balance of Payments and International Investment Position, Australia, Jun 2009
  19. Zak Ambrose

    reality?

    RBA: Measures of Consumer Price Inflation i think we would use the September year end percentage change, excluding volatile items. so 2.4%
  20. Zak Ambrose

    practice for 2008 personailty question.

    i would maybe add something about how Stalin got Yaroslavsky to rewrite history to: -portray Trotsky as having no part in the revolution and trying to bring the party down. - make Stalin look like a demi-God. which supports "history is about winners" as for a generation of Russian's Trotsky was...
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