MC Question Help (Sources of Income) (1 Viewer)

Godard

New Member
Joined
Jul 4, 2017
Messages
18
Gender
Male
HSC
2017
Hi everyone,

I'm a bit confused about Q12 of the 2017 HSC Eco exam:

Which of the following correctly ranks, from largest to smallest, the sources of income as a percentage of Australian household income?

A. Returns to labour, returns to enterprise, returns to land and capital, transfer payments

B. Returns to labour, transfer payments, returns to land and capital, returns to enterprise

C. Returns to labour, transfer payments, returns to enterprise, returns to land and capital

D. Returns to labour, returns to enterprise, transfer payments, returns to land and capital

The correct answer is supposed to be B, but in both Dixon and Riley textbooks, it's the smallest source of income. Does anyone know where we find these stats on ABS or why this is the answer? Thanks :D
 
Last edited:

BLIT2014

The pessimistic optimist.
Moderator
Joined
Jul 11, 2012
Messages
11,592
Location
l'appel du vide
Gender
Undisclosed
HSC
2014
Uni Grad
2018
Last edited:

Godard

New Member
Joined
Jul 4, 2017
Messages
18
Gender
Male
HSC
2017
Thanks so much for that. It's interesting to note how different the figures seem to be between the ABS and the textbook (Riley says social welfare was 9.9% in 2016, Dixon says 10% in 2014)? Is it because the textbook's data is 2015-16, but I can't seem to find that year's data on sources of income.
 
Last edited:

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top