Best Stat to Memorise (3 Viewers)

[ben_from_econtools]

Hey everyone,


What do you reckon is the one golden stat that works across heaps of HSC Econ essays?


I’ve been thinking — the fewer stats you have to memorise, the easier life gets. But if you actually understand how to use them across multiple topics, it also builds those linking skills exam markers love (drawing on different concepts, showing depth, etc.).


Here’s mine:


Average annual GDP growth rate of ~2.9% (1990–2024)


Examples of how you could use it:

• Macro/micro policy → “Sustainable long-run growth achieved since major reforms ~2.9%, with nearly 30 years of uninterrupted growth prior to the pandemic.”
• Globalisation → “Trade integration supported long-run growth.”
• Environment → “While achieving ~2.9% growth since 1990, this has coincided with persistently high per-capita emissions, questioning the sustainability of that growth.”

What’s your go-to stat you can flex across multiple essays? Keen to see what others have locked in.



btw if you want a tool that helps you find and track versatile stats like this, check out EconTools — it’s got 2,000+ syllabus-organised stats, an essay builder that shows you which stats you’re reusing across topics, plus exemplar essays + feedback. Makes spotting your “golden stats” way easier.