Economics HSC 2009 Q21a (1 Viewer)

[NubMuncher]

http://www.boardofstudies.nsw.edu.au/hsc_exams/hsc2009exams/pdf_doc/2009-hsc-economics.pdf

Q21a. The answer is food. Anyone want to tell me how to work this out :S

 

[krnofdrg]

http://www.boardofstudies.nsw.edu.au/hsc_exams/hsc2009exams/pdf_doc/2009-hsc-economics.pdf

Q21a. The answer is food. Anyone want to tell me how to work this out :S

120-100 / 100 x 15%= 0.03

110-100 /100 x 20% = 0.02

150-100/ 100 x 5% = 0.025

So food has highest ..

 

[NubMuncher]

Thanks man where do you find these formulas you need for eco cause they keep asking these random questions!

Repped btw

 

[krnofdrg]

Thanks man where do you find these formulas you need for eco cause they keep asking these random questions!

Repped btw

You just have to play around a bit with the original inflation formula ... (Base year being 100 and use a bit of maths

Btw these are as hard as they get for inflation trust me ...