Economic Issues
ECO-T3 is worth about 17 marks out of 100 in recent HSC Economics papers. Practise 19 exam-style questions (multi-part, numerical answer, multiple choice, short answer) with instant marking and a worked solution for every question.
START PRACTISINGExample questions
Example 1 · 1 mark · numerical answer
A term deposit pays 6.0% per annum and inflation is 4.5%. What is the approximate real interest rate?
Example 2 · 2 marks · multi-part
In a hypothetical economy, the civilian population aged 15 and over is 22.0 million, the labour force is 14.2 million and 13.6 million people are employed.
Example 3 · 1 mark · multiple choice
Which change indicates income has become more evenly distributed?
- AThe Gini coefficient falls and the Lorenz curve moves closer to the line of equality
- BThe Gini coefficient rises towards 1
- CThe Lorenz curve moves further from the line of equality
- DThe top 20% receive a larger share of income
Answers and worked solutions appear when you practise these questions.