Use of a surplus budget (1 Viewer)

[Aclipse]

How much do we need to know for this dot point?


My textbook only has like 1 paragraph

do we need to know the specific investment funds that the gov has?

 

[krnofdrg]

How much do we need to know for this dot point?


My textbook only has like 1 paragraph

do we need to know the specific investment funds that the gov has?

I think there is only 4 methods you need to memorise i think

-Accumulate surplus and use it to finance future expenditure or to fund tax cuts in present.

-Repay debt overseas

-Reduce debt in private sector by retiring debt-> paying them back basically.

-Deposit in RBA

Im not sure what you mean by specific investment funds but i doubt you need to know. which textbook are you using??

 

[Aclipse]

I've got "Australia in the Global Economy" by Tim Dixon and John O'Mahoney 2010 edition

I meant things like the "Building Australia Fund" and "Education Investment Fund"

but I might be worrying too much



I also got another question,
How does the National Competition reform

and how does it different from normal deregulation?
does the policy forces monopolies to be exposed to more competition or something

 

[artosis]

I've got "Australia in the Global Economy" by Tim Dixon and John O'Mahoney 2010 edition
I meant things like the "Building Australia Fund" and "Education Investment Fund"
but I might be worrying too much

The HSC will NEVER ask that directly. Im pretty sure thats not in the syllabus. So u shouldnt need to worry about it.
You'll only ever use it in an essay, and thats only if the essay question allows to u write about it.
Honestly, i have no idea what it is lol.

How does the National Competition reform
Im not quite sure if thats a question coz it doesnt make sense
One of the MERs is called "The national competition reform/policy"
Its like asking: "How does exchange rate" <-- yeah it doesnt make sense right?
I'm assuming ur asking how does national competition policy work.
This should be in ur textbook. But off the top of my head. Competition policy works by using legislation (not deregulation, i think) designed to encourage competitive practices in our markets. Like u said, its does this through outlawing monopolies and collusion which is enforced by the ACCC. By increasing competition it forces producers to offer lowers prices, increasing efficiency and productivity, fueling long term eco growth.
I think another point that may be important is including the the Industry Commissions statistic that National competition policy has increased our GDP by 2.5%

 

[Aclipse]

Ah yea I meant how it works.
My bad

Micro and labour policies are by far the hardest thing for me to learn throughout the whole course

hope there's no essay on it this year

 

[determine]

The HSC will NEVER ask that directly. Im pretty sure thats not in the syllabus. So u shouldnt need to worry about it.
You'll only ever use it in an essay, and thats only if the essay question allows to u write about it.
Honestly, i have no idea what it is lol.

How does the National Competition reform
Im not quite sure if thats a question coz it doesnt make sense
One of the MERs is called "The national competition reform/policy"
Its like asking: "How does exchange rate" <-- yeah it doesnt make sense right?
I'm assuming ur asking how does national competition policy work.
This should be in ur textbook. But off the top of my head. Competition policy works by using legislation (not deregulation, i think) designed to encourage competitive practices in our markets. Like u said, its does this through outlawing monopolies and collusion which is enforced by the ACCC. By increasing competition it forces producers to offer lowers prices, increasing efficiency and productivity, fueling long term eco growth.
I think another point that may be important is including the the Industry Commissions statistic that National competition policy has increased our GDP by 2.5%

and from memory, there was also a national competition policy act that was passed in 1995 or so which may be useful to mention as well.