2009-hsc-economics - 2009 HIGHER SCHOOL CERTIFIC ATE...

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Unformatted text preview: 2009 HIGHER SCHOOL CERTIFIC ATE EXAMINATION Economics General Instructions • Reading time – 5 minutes • Working time – 3 hours • Write using black or blue pen • Board-approved calculators may be used • Write your Centre Number and Student Number at the top of pages 9, 11, 13 and 15 Total marks – 100 Section I Pages 2–8 20 marks • Attempt Questions 1–20 • Allow about 35 minutes for this section Section II Pages 9–17 40 marks • Attempt Questions 21–24 • Allow about 1 hour and 15 minutes for this section Section III Pages 19–20 20 marks • Attempt either Question 25 or Question 26 • Allow about 35 minutes for this section Section IV Page 21 20 marks • Attempt either Question 27 or Question 28 • Allow about 35 minutes for this section 145 Section I 20 marks Attempt Questions 1–20 Allow about 35 minutes for this section Use the multiple-choice answer sheet for Questions 1–20. 1 How can the government decrease inflationary pressures in the Australian economy? (A) By increasing taxation (B) By budgeting for a deficit (C) By depreciating the Australian dollar (D) By increasing government expenditure 2 How are the foreign company dividends paid to Australian investors recorded on Australia’s Balance of Payments? (A) As a debit on the current account (B) As a credit on the current account (C) As a debit on the capital and financial account (D) As a credit on the capital and financial account 3 Which indicators are used to calculate the Human Development Index (HDI)? (A) Population growth, per capita GDP, life expectancy (B) Population growth, infant mortality rate, malnutrition (C) Life expectancy, educational attainment, per capita GDP (D) Current account balance, infant mortality rate, educational attainment 4 Which action by the Reserve Bank would stimulate the economy in an economic downturn? (A) Selling government securities in the cash market (B) Buying government securities in the cash market (C) Selling foreign currencies on the foreign exchange market (D) Buying foreign currencies on the foreign exchange market – 2 – 5 The table shows data for a nation’s terms of trade. Year Export Price Index Import Price Index 1 100 100 2 110 106 3 115 110 Which of the following statements about this nation’s terms of trade is correct? (A) They improved from Year 1 through to Year 3. (B) They deteriorated from Year 1 through to Year 3. (C) They deteriorated from Year 1 to Year 2 and then improved from Year 2 to Year 3. (D) They improved from Year 1 to Year 2 and then deteriorated from Year 2 to Year 3. 6 The table shows selected data for an economy. Year Consumer Price Index (CPI) Terms of Trade Index 1 120 110 2 130 100 3 135 98 Given the changes in the data from Year 1 to Year 2 and from Year 2 to Year 3, what can be concluded about this economy?...
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2009-hsc-economics - 2009 HIGHER SCHOOL CERTIFIC ATE...

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