Section I - Multiple Choice (1 Viewer)

[Tennisaddict]

Lol for 8 i put C cause i thought if there was high inflation, the reserve bank will increase interest rate to lower inflationary pressure thus allowing people who deposit into banks increase their money cause of increase in savings rate....thats what would probably happen in the long term anyways

That was the exact process i went through with 8
Anyway im looking at around a 16, which I can live with

 

[Aclipse]

For Question 17.

Before tariff Revenue: (400-100) x $10 = $3000
After tariff Revenue : (300-200) x $10 = $1000

 

[Swazz]

For Question 17.

Before tariff Revenue: (400-100) x $10 = $3000
After tariff Revenue : (300-200) x $10 = $1000

After Tariff: Value = volume x price

Price increases to 15
So its $15 x 100 qty = $1500
$3000-$1500 = (c)

 

[weirdguy99]

After Tariff: Value = volume x price

Price increases to 15
So its $15 x 100 qty = $1500
$3000-$1500 = (c)

$500 of it goes to the damn government!!!! Read what others have said!

 

[friend177]

$500 of it goes to the damn government!!!! Read what others have said!

im pretty sure its C, im going to google the shit out of this..

 

[michaeljennings]

where the heck is DETERMINE!!!

 

[weirdguy99]

im pretty sure its C, im going to google the shit out of this..

I really want it to be C, but I believe D is correct.

 

[Tennisaddict]

I put C, but D makes sense now. Surprised so many people got it, tricky question.

 

[friend177]

That was the exact process i went through with 8
Anyway im looking at around a 16, which I can live with

lol nice but 1 mark is a mark

 

[Tennisaddict]

I think im down to 15, kinda pissed but still hoping i can get a raw mark of 90... somehow...

But im really unconvinced about 8, I don't understand why it is A over C, everyone though it was A :/

 

[dela_]

hi five btw i think 13 is B even i put C........

an increase in consumption from 110 to 200 means it increase by 90....
an increase in 90 in C sees an increase in income by 150.....

so.....150/90 we get 5/3 so for every dollar increase in consumption there will be 5/3 increase in income.....

when investment increase by 40 (200 to 240)....there will be a 40x5/3 increase in income + plus original 300....367Bn.
i have no idea, i put 400bn, and the smart kids in my school + here also put 400, but when i try to justify myself it seems its more like B not C.....

Omg i did his exactly and put B:S

 

[eyeswideshut]

I put C, but D makes sense now. Surprised so many people got it, tricky question.

ahhhh this this this.

 

[friend177]

I think im down to 15, kinda pissed but still hoping i can get a raw mark of 90... somehow...

But im really unconvinced about 8, I don't understand why it is A over C, everyone though it was A :/

true i hope its C lol i'll google this to lol

 

[y510920]

I think im down to 15, kinda pissed but still hoping i can get a raw mark of 90... somehow...

But im really unconvinced about 8, I don't understand why it is A over C, everyone though it was A :/

A with assets, during periods of high inflation people are uncertain about future price and usually speculative investment such as golds and properties will increase. this is because these goods are considered 'good shelter' this comes from my text book and obviously it is the only benefit inflation can bring is.....speculative gains....


btw, just checked my dixon books, yep, i must admit. question 17 is D because the dixon's workbook had two exact same question, you do it like this for q 17 (400-100)x10 - (300-200)x10 so the answer is 2000. everyone got tricked...well played haha sydney morning herald gonna talk about this again tar?

btw: dixon's workbook wrote *extension* next to the question. which shows how in-depth q17 you have to be. it is no surprise that everyone gets tricked..including me...

 

[Skyzor]

I think im down to 15, kinda pissed but still hoping i can get a raw mark of 90... somehow...

But im really unconvinced about 8, I don't understand why it is A over C, everyone though it was A :/

Yeh i was thinking the same.

However, i think that due to the CPI going up the value of those 'deposits' in terms of what you can purchase is reduced. Assets on the other hand such as land should increase accordingly with the CPI. I THINK thats the angle they took. But idk any other thoughts?

Hopefully, the BOS accept both A and C

Edit: ^^^ Beat me to it, lol

 

[isfhater]

how come 7 is C?

why cant it be B. TOT deteroriated, by increasing taxes this reduces the disposable income leading to lower import spending therefore nullifying the TOT deterioration.

obviously A and D are the same thing (appreciation)

 

[Aclipse]

I picked C, believing that interest rates would rise when inflation go up


But then inflation -> rise in prices -> prices of assets up

I believe that's the only one I got wrong


btw i wrote 5.5 pages for question 26 and only 4 pages for question 28
what's the max i can get for those essays?

my teacher said to us that the absolute minimum for a band 6 essay is 6 pages

 

[friend177]

yeah but when assest price such as land prices goes up the demand will fall thus not many people will purchase your asset meaning you cant really benefit from this unless you can actually sell your asset, if you keep your asset in the long term inflation will drop means asset will go down again.

 

[Skyzor]

btw i wrote 5.5 pages for question 26 and only 4 pages for question 28
what's the max i can get for those essays?

my teacher said to us that the absolute minimum for a band 6 essay is 6 pages

Yeh i wrote like 4.5 for each essay, dont worry especially if you write small like me. If all your content is good and answers the question you should still manage to get a band 6.

 

[y510920]

yeah but when assest price such as land prices goes up the demand will fall thus not many people will purchase your asset meaning you cant really benefit from this unless you can actually sell your asset, if you keep your asset in the long term inflation will drop means asset will go down again.

so is there a better answer than A? it defs can't be C, firstly inflation means increase in the overall price level of the goods, if you just put your money in the bank its value will 'erode' away, same as B and D....