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How recent do the statistics in economics have to be? (1 Viewer)
- Thread starter leesh95
- Start date
My teacher always said keep statistics as current as possible. So you'll need to latest quarterly results on things like inflation, the cash rate, growth and unemployment. Other than those sort of really important ones you are probably alright with 2011, particularly for your case study. Remember though in Economics you don't actually get marks in the HSC for correct statistics. As long as they are in the ballpark then you get all the marks for them.
Sunners
Member
Usually current - as in the last year or last quarter, but it depends on what you need them for. If, for example, you're doing a practical Phillips Curve for the GFC you would need the figures from the GFC.
Drifting95
Should i change my DP?
For the main ones of the cash rate, economic growth and unemployment it is recommended you have the most up to date figures possible. When talking about other statistics such as those to include in your country other then Australia question, you can probably get away with using slightly dated figures to an extent.