Recent content by motlai

Hey, Just wondering how much of what's learnt in QMA is required for QMB. Thanks.

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Hey, I'm offering tutoring for economics, although I can also help you out with any of the subjects which I did. For eco, I got an HSC mark of 97 and was first in all exams and assessments at my school (Sydney Grammar), getting a raw mark of 97 in the Trials. I will be going back to...

woah...Jago and i posted teh same thing at the same time!

I've never been too flash at maths, but heres how I did that probability of three diff colours question: It doesn't matter what the first colour, so its prob is 300/300 For the second draw, there are two colours that aren't the same as the first, so its prob is 200/299 For the third...

Our school uses Cambridge for all maths. The qs in the back of the 3u book are so hard coz they're meant for the 4u ppl.

i doubt labour market reform...it is an issue at the moment, but the HSC was set back in March when it wasn't really in the news (except the odd thing about skills shortages and the NAIRU)

an exchange rate is the value of one currency in terms of another currency, while the TWI measures the value against a basket (or technically, a regimen) of other currencies based on the strength of our trade and financial links thus, while, for instance, the $AUD may depreciate against the...

northonline.sccd.ctc.edu/tcook/JEE/Chapter%2017.pdf According to this thing, transfer payments are not injections as they do not add to overall output, they merely redistribute

industrial relations

base year is always by definition 100, but i agree that it shouldnt be assumed, coz wot we really need there is previous year, not base year

but that'll give the inflation rate of year 2, not year 1 i think the question is a bit dodgy just adding the base year of 100 is not ideal, but i can't see any way else to find the inflation in year 1

I'm not sure about this question, but if the question asks for inflation from base year, base year CPI is always 100. You could probably apply it here

real GDP= nominal GDP X (base CPI/current CPI) (base CPI is always 100, as opposed to previous CPI) economic growth= (current real GDP- previous real GDP)/previous real GDP X 100

thanks for that, sunjet