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General Thoughts: Economics (1 Viewer)

Rawf

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Wasn't it something like 120 the first year and 126 the 2nd year?
Oh sweet thanks for the confirmation guys.
And with those figures you've given the inflation rate is 5%. I can see what you did to get 4.7 and issue is that you have to divide by the previous year which was 120.. not 126
 

mulimulix

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Oh sweet thanks for the confirmation guys.
And with those figures you've given the inflation rate is 5%. I can see what you did to get 4.7 and issue is that you have to divide by the previous year which was 120.. not 126
Oh fuck, how did I forget that? Far out. I had no problem with that in my trial...
 

mulimulix

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Also, what did people get for the ways fiscal policy can be used to decrease income inequality? Obviously there's transfer payments and I got Job Services Australia as the other. Are there any others?
 

Rawf

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Also, what did people get for the ways fiscal policy can be used to decrease income inequality? Obviously there's transfer payments and I got Job Services Australia as the other. Are there any others?
I referred to this years budget, like family tax benefit part a, school kids bonus and increasing the tax free threshold
 

freeeeee

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The two key components for fiscal policy and distribution of income is: Progressive Income Taxation and Transfer Payments (You would of needed to explain how it worked since 4 marks)

The Question was not specifically about Australia, it was about an economy -however, you could use examples from the Budget as examples like Rawf said, perfectly fine
I also mentioned changes in taxations (changes in taxation brackets, the tax free threshold more specifically from $6000 to $18,200 resulting in 1million less Australians needing to pay tax)
 

crazy_paki123

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how about the spread the benefits of the boom policy in this years budget aswell?
 

freeeeee

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Thats what Rawf said in his post, that component of the budget was described as "Spreading the benefits of the boom", perfectly fine
 

sebjabbour

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they made it easy coz it's the day after module 2 english.. i wouldnt be surprised if the other exams yesterday were also easy
 

liangson

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Possibly the easiest economics test I have ever seen.

Felt sort of weird answering the question about female inequality in the workplace, I didn't want to come across as being too offensive towards women.
lol, same here, i added like 'historical discrimination on women even though people is realising is a wrong value', just dont want the female get mad if i wrote something offensive
 

liangson

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Also, what did people get for the ways fiscal policy can be used to decrease income inequality? Obviously there's transfer payments and I got Job Services Australia as the other. Are there any others?
i also mention microeconomic reform, because fiscal policy is a part of microeconomic policy so i think u should talk something about reform, which can also decrease Y inequality
 

lgnorance

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lol economics. what a piece of cake.
bos made it too easy, everyones just gonna get 100% nao.
 

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