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Complex Systems (Such as the Australian Economy) Can Be Modelled

question 37

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Complex systems (such as the Australian economy) can be modelled by means of mathematical equations,and different scenarios can be run against the model to carry out 'what if' analysis.What type of scientific methods permit such modelling?


Definitions:

Federal Exemptions

Specific assets or income types that are protected or exempt from seizure under federal law during bankruptcy.

Insolvency

Refers to the financial condition where an entity can not meet its debt obligations as they come due.

Consecutive Years

Years that follow one after another without interruption.

Involuntary Bankruptcy

A legal process initiated by creditors to force a debtor into bankruptcy proceedings, in order to recoup debts owed by liquidating the debtor's assets.

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