Australia's Place in the Global Economy
ECO-T2 is worth about 14 marks out of 100 in recent HSC Economics papers. Practise 18 exam-style questions (multi-part, multiple choice, short answer) with instant marking and a worked solution for every question.
START PRACTISINGExample questions
Example 1 · 1 mark · multiple choice
If A$1 = US$0.65, how many US dollars are received for A$200?
- AUS$307.69
- BUS$330.00
- CUS$65.00
- DUS$130.00
Example 2 · 3 marks · multi-part
The table shows a hypothetical country's balance of payments items for a year ($ billion).
| Item | Value |
|---|---|
| Balance on goods and services | −12.0 |
| Net primary income | −45.0 |
| Net secondary income | −1.5 |
| Capital account | −0.5 |
Example 3 · 1 mark · multiple choice
A country's net foreign debt is $1.2 trillion and its net foreign equity liabilities are $0.3 trillion. What are its net foreign liabilities?
- A$1.2 trillion
- B$0.9 trillion
- C$1.5 trillion
- D$0.3 trillion
Answers and worked solutions appear when you practise these questions.