In my experience doing HSC papers, graphs that are not mentioned in the syllabus are not directly assessable. But they can add depth to your essays. Especially the Keynesian 45 degree line model (infl/defl gap) to show the multiplier effect (eg in an essay about fiscal policy).
In the context of the Balance of Payments, cash receipts refers to money coming into Australia (also called credits). Cash payments refers to money paid by Australians to foreigners (also called debits).
The year 11 and 12 exam is the same, they include all of the year 11 and 12 HSC eco syllabuses and some 1st year uni microeconomics stuff (eg monopoly, perfect competition, game theory)
They also sometimes ask about the members of the cabinet like the Treasurer so some easy marks there.
Re: What happens to my peers assessment mark if a discrepancy is found in my exam mar
Great question. I would like to know the answer to this.
I do know that if your remark resulted in a higher mark your ATAR can change (provided the extra mark(s) would push you up to the next 0.05).
I found doing HSC MC questions very helpful. I did all the HSC MC questions from 2015-2005. Fortunately, they don't take that long.
For every question you get wrong, make sure you understand why.
Soon you'll get a feel for the way in which HSC exam writers think about economic concepts and it...
They are very similar to the adv/disadvs of a fixed exchange rate, such as
+Governments and people engaging in trade have more certainty about the exchange rate
+Less speculation (although this is debatable)
-Government must hold large foreign exchange reserves
-Lack of free capital flows