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After looking at these answers, even though I'm convinced mine are right also (I heard they marked 2 answers right in Eco before so hopefully with the cost-push and demand-pull question), I'm looking at 15-16/20. Which is great considering I got 8/20 in half yearlies and 16/20 in trials Hayley :)

IMO, short answer was easy marks because I'd written essays on those topics, expecting the essay to be about environment and labour market but oh we'll, helped me get good marks. Hoping for 35-40/40 in short answer Hayley :)

I loved short answer. Was surprising they didn't ask specifically about the case study but I talked about on in the environmental sustainability question and the effect of foreign Eco growth increase on domestic Eco growth Hayley :)

They wouldn't have a tariff in place if there weren't any imports to begin with... Hayley :)

I did 2.5 x 100 million = 250 million Not sure if right Hayley :)

Well maybe they should mention on the paper that it is immediate impact. Both events are as likely as each other. It's unfair on students who weren't aware that the immediate impact is the basis of all multiple choice answers Hayley :)

Ok I'm sorry but I don't understand how question 20 is D. Isn't a tariff a tax on imports? That would mean that imports exist in the economy simply due to the existence of the tariff right? Therefore, a reduction in tariffs results in a reeducation of revenue as tariffs are revenue based...

It doesn't mean more money needs to be saved. An increase in MPS resulted in a decrease in MPC which, according the Keynesian theory, resulted in lower demand therefore reducing demand inflation as people have less disposable income Hayley :)

What MC answers did everyone get? Hayley :)

Yeah but it mentions free trade so that would imply that imports exist. The tariff also implies that imports exists as the tariff is a tax in imports. Therefore, you wouldn't need a tariff if you didn't want to protect your domestic producers from foreign firms. Hayley :)

I don't think I mentioned it...whoops. I talked about appreciation of dollar (impact on unemployment in tourism industry), GFC (cyclical unemployment causing lower Eco growth + lower productive capacity) then reduction in protection (increase in structural unemployment placing burden of govt due...

For q7 I put D because it means that consumers have less disposable income and therefore less demand for goods and services resulting in lower demand inflation. Q11 I had A but I don't know why. Knew it wasn't C or D. Q18 I had A but now I'm thinking its C because headline takes into account...

I stuffed up that last question majorly. I got something weird like 330ml but I know that's wrong. 3 marks gone there and 3 marks in MC 94/100 is disappointing for me considering I've average higher than that all year. Probs get 85-90 Hayley :)

I'm not worried about scaling. It's my lowest mark all year because I've been averaging 95-98. Just disappointed because they were stupid mistakes * I wanted a state rank too Hayley :)

So I lost 3 marks for that last question because I over complicated it. And I lost 3 marks in MC already because I didn't read the question properly or worked it out wrong. 94/100 at best which is actually disappointing. Hayley :)

Can't even remember now. Didn't bother writing it on the question paper :/ Hayley :)

Yeah most definitely difficult I've been averaging 95 all year, lucky to scrape a 90 this year. Oh well, scaling will be great Hayley :)

Can someone provide the working for 21? Hayley :)

It didn't specify a gender when choosing. It said "one of these students" So I did 155/505 =31% Hayley :)

I added it to the tax payable (from her income) So it would've been (2500 x 0.37 + 17547) + (0.015 x 82500) Hayley :)