Trial Q Help (1 Viewer)

[know_it_all]

Ive just come across some past trial papers
Im SO sorry but my scanner isnt working atm so i cant post them up
but if you can help with some of these:

1. to which group of workers do National Wage Cases apply?
a) all workers
b) all workers covered by Federal awards
c) workers who are members of unions
d) workers covered by CAs or AWAs

2. Identify TWO types of industrial agreements under the Workplace Relations Act 1996.

3. If the gradient of the consumption function is .75 and the gov reduces its budget surplus by $100m, other things being equal, what is the effect on national income?
a) decrease by $100m
b)increase by $100m
c)decrease by $400m
d)increase by $400m

4. How would the school fees paid by an o/s student studying for the HSC in a NSW school be recorded on the BOP?
-services credit or an income credit

5. Explain the possible impact of the Kyoto Protocol on the environment and eco growth in Australia.

Thanks

 

[Jago]

1. a
2. AWAs, enterprise bargaining (?)
3. c
4. services
5. IF australia ratified the kyoto protocol, eco growth would be reduced as gas emission would be reduced and the environment would be better off.

 

[vaniLLa_554]

i would say for 3.(C)

1/(1-0.75) x 100 = 400, and since the government is reducing the budget surplus, its a decrease

 

[Haku]

can u explain to me how u did question 3?

never seen it before.

 

[know_it_all]

i no this is unrelated but i didnt wana create another thread...

but can anyone recommend graphs we can use for macro/micro policy questions?

 

[Jago]

i just assumed the consumption function = MPC.

besides, the other answers all look really wrong.

 

[sunjet]

1. b?
2. collective bargaining and awa's
3. D (It's reducing a surplus..)
4. credit services
5. economic growth sacrificed in the short-term

 

[Jago]

oh, you're right. bah to reading skills.