Economic Policies and Management
ECO-T4 is worth about 14 marks out of 100 in recent HSC Economics papers. Practise 21 exam-style questions (multiple choice, multi-part, numerical answer, short answer) with instant marking and a worked solution for every question.
START PRACTISINGExample questions
Example 1 · 1 mark · numerical answer
A government expects revenue of $645 billion and expenses of $672 billion. Calculate the budget balance in $ billion.
Example 2 · 1 mark · multiple choice
If the RBA lowers the cash rate target, what is the most likely sequence of effects?
- ALower lending rates → more borrowing and spending → higher aggregate demand
- BHigher lending rates → less spending → lower inflation
- CLower lending rates → a stronger dollar → more exports
- DThe government's budget deficit automatically falls
Example 3 · 2 marks · multi-part
In a closed economy with no government, the marginal propensity to consume (MPC) is 0.8.
Answers and worked solutions appear when you practise these questions.