sy37
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Complete list of HSC Economics Formulas (1 Viewer)
- Thread starter sy37
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turnerloos
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love that screamer. reported.
YouCantMakeMe
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Was Y = C + S + T (As quoted in the PDF) or Y = C + S?
Also, how legit is this guy? ahaha
Also, how legit is this guy? ahaha
turnerloos
TAFE Executive Officer
C + S is for 2 sector economy. C + S + T is 3 sector. both equally correct but i'd say y = c + s is used more often
YouCantMakeMe
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How would you tell which one is being used? : o
turnerloos
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well there are diff scenarios.. e.g. it could specifically state that it's a 2 sector eco, or it won't give you taxation values. but generally in questions such as "find equilibrium level of income", you would use c + s
spatula232
Active Member
The one for real GDP, where it has Nominal/CPI *100 -- is that just assuming that CPI in the base year is 100? Cause if it was say 120, wouldn't you have to multiply by 120