# CSSA Economics 2013 (1 Viewer)

#### Insanity95

##### New Member
Thanks
lucky i got it, i was sweating hard at that question haha

#### SharkeyBoy

##### Member
Nominal x (100/CPI) = _______
So 840 x (100/105) = 800
yeah that. haha

#### J2good4u

##### Member
You guys talk about recent implementation of macroeconomic policy?
Stimulus question so I thought it was necessary...

#### joey95

##### New Member
Just did it 2 hrs ago
MC- wasn't too bad nor S/A
Did Macro and exchange rate
Macro:
- Effects on economic growth- S/T+ L/T
- external stability
- distribution of income

#### 2013maxweo

##### New Member
Does anyone remember what the exchange rate question was?
Also how did you answer it?

#### Bims

##### New Member
What was the answer to the MC on decentralised wage determination system. Options were like:

minimum wage and x
enterprise agreements and y
individual wage agreements and z (or this may have been joint with one of the above options)
no government intervention in dispute resolutions and w ( ' ' ' ' ' )

#### MBMD

##### Member
My guess is something to do with the exchange rate or CAD/Fiscal policy
Called it

#### P.T.F.E

##### Member
Nominal x (100/CPI) = _______
So 840 x (100/105) = 800
Isn't it (CPI year 2 - CPI year 1 )/ CPI year 1= 0.05
Real GDP takes inflation rate of 5% into account, 5% of 840 = 42
therefore Real GDP = 798?

#### SharkeyBoy

##### Member
Isn't it (CPI year 2 - CPI year 1 )/ CPI year 1= 0.05
Real GDP takes inflation rate of 5% into account, 5% of 840 = 42
therefore Real GDP = 798?
Was 798 even an answer though?

#### Jazar334

##### New Member
Isn't it (CPI year 2 - CPI year 1 )/ CPI year 1= 0.05
Real GDP takes inflation rate of 5% into account, 5% of 840 = 42
therefore Real GDP = 798?
Mate you were working out the inflation rate. The formula is CP1 Year 1 / CPI Year 2 (100 / 105) x Real GDP
Therefore 840 x 100/105 = 800.

#### Kostie100

##### Member
Multiple choice... Qn 20? And what about the Lorenz curve one?

#### bhsrepresent

##### Member
how much time do you guys spend in essays talking about current economic events/ non theory stuff? I.e. examples that aren't necessarily tied directly to the syllabus

#### Kipling

##### New Member
There was a multiple choice question that asked what statement best explained the difference between monetary and fiscal policy. One option was about how monetary policy has flow on effects whereas fiscal policy can be targeted at specific parts of the economy. The other option said that the RBA conducts monetary whereas the COAG (Council of Australian Governments) conducts fiscal. I chose the first one due to not being sure whether the COAG had anything to do with fiscal.. What was the answer?

#### Kostie100

##### Member
There was a multiple choice question that asked what statement best explained the difference between monetary and fiscal policy. One option was about how monetary policy has flow on effects whereas fiscal policy can be targeted at specific parts of the economy. The other option said that the RBA conducts monetary whereas the COAG (Council of Australian Governments) conducts fiscal. I chose the first one due to not being sure whether the COAG had anything to do with fiscal.. What was the answer?
I put that as well (the 1 u put)

#### SharkeyBoy

##### Member
There was a multiple choice question that asked what statement best explained the difference between monetary and fiscal policy. One option was about how monetary policy has flow on effects whereas fiscal policy can be targeted at specific parts of the economy. The other option said that the RBA conducts monetary whereas the COAG (Council of Australian Governments) conducts fiscal. I chose the first one due to not being sure whether the COAG had anything to do with fiscal.. What was the answer?
I put that as well (the 1 u put)
Same

#### gilza95

##### Member
Wasn't it to find Real GDP
I did CPI (current year) / CPI (Present year) then I multiplied that by nominal GDP

#### jazz171717

##### New Member
Does anyway know what the essay questions were in the cssa trial paper?

#### Drifting95

##### Should i change my DP?
Does anyway know what the essay questions were in the cssa trial paper?
Macro- Fiscal and Monetary
Micro- labour markets i think...
Exchange rates