Complete list of HSC Economics Formulas (1 Viewer)

[sy37]

http://www.roydonng.com/Documents/Year 12/Economics/Economics hsc fomulas and stats.pdf

 

[turnerloos]

love that screamer. reported.

 

[YouCantMakeMe]

Was Y = C + S + T (As quoted in the PDF) or Y = C + S?

Also, how legit is this guy? ahaha

 

[turnerloos]

Was Y = C + S + T (As quoted in the PDF) or Y = C + S?

Also, how legit is this guy? ahaha

C + S is for 2 sector economy. C + S + T is 3 sector. both equally correct but i'd say y = c + s is used more often

 

[YouCantMakeMe]

C + S is for 2 sector economy. C + S + T is 3 sector. both equally correct but i'd say y = c + s is used more often

How would you tell which one is being used? : o

 

[turnerloos]

How would you tell which one is being used? : o

well there are diff scenarios.. e.g. it could specifically state that it's a 2 sector eco, or it won't give you taxation values. but generally in questions such as "find equilibrium level of income", you would use c + s

 

[spatula232]

The one for real GDP, where it has Nominal/CPI *100 -- is that just assuming that CPI in the base year is 100? Cause if it was say 120, wouldn't you have to multiply by 120