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MATEMAT~YKATA OC~rypY8AI-bETO HOBI1 oCl1rYPYBat-ba 1-1 H1-1BHI1Te Wretl HI1 I1cTpa>t

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cnMCAHHE 3A OnWTECTBEHO-EKOHOMCHM MnPABHM nPAWAJobA

CKonje AnpH111987B0l1YMeH5

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bull nPHnor KOH nPAWAIbETO 3A nPABHOTO QEJshyLBETAH LBETKOBCK~ CTBO HA OQnYKHTE HA YCTABHHTE CYQOBH QOHECEHH BO nOCTAnKATA 3A OUEHA HA YCTABshyHOCTA HA 3AKOHHTE bull bull_ gt~ 93

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bull rAPAHTHPAH POK KAJ npOQAgtH6A HA TEXHHLlKH CTOKI-t bull 123

bull TPETMAHOT HA MATEMATHLIKATA PE3EPBA BO OCHIYPYBAIbE gtHHBOT KAKO WTEQEIbE 127

M-p nABflE P~6APCK~ bull KAQPOBCKATA 41YHKUHjA BO 03T 133

bull OQ nPAKTI-tKATA HA YCTABHI-tTE CYQOBH 150

bull OQ nPAKTHKATA HA PE[lOBHHTE CYQOBH bull 153

bull OQ nPAKTHKATA HA CYQOBHTE HA 3QPYgtHEHHOT TPYQ 157

bull nPAWAIbA I-t OQroBOPH 160

bull BOQH4 HH3 nponHCH bull _ 162

bull 61-t5nHOrPA4IHJA - 167

CTp 123 - 126

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TPETMAHOT HA MATEMAT~YKATA PE3EPBABO OC~rypY8AI-bETO HA gttlt~80TOT KAKO WTEQEI-bE

WTelelbeTO e HeYMopeH C03laSal Ha CTonaHCHaTa MPK Ha HapOlHre

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BOBeQ nOo npernoclilBtlta OBO j ~11t1 OC1-1rypyshyBat-be na nOCTOI1I1nmiddota ce pa3B14 a iHenpeKI1Hashy

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nogttltI1SYBat-be e Haj4ecTo nojaBeH 0611I-1K SO Jyrocllasl-1ja co norosopeH POK Ha Tpaet-be OCl1rYPYBal-beTO Ha )f(I1BOTOT KaKO 113BOP WTO nonpa36l1pa I1cnllaTa Ha oCl1rypeHa cyMa Ha QonrorOQI1WHO WTenel-be BO ceKoj cllY4aj 611110 oCl-1rypeHHKoT na ro nogttltJ1sean tlorOSOpeHI-10T POK 11111-1 na yMpe 4gtopMl1pat-beTO 11 KOHUeHTpa-Ll1l aTa Ha npen 1-1CTeKOT Ha TOj POK WTenHaTa KOMnoshy centI1HaHCI1CK1-1Te cpenCTsa no naT Ha oCl1rypy- HeHTa OB03MOgttltYBa I1Cn11aTa Ha norosopeshy aat-be Ha gttltI1S0TOT ao CTOnaHCKI10T gttltI1BOT Ha HaTa OC1-1rypeHa cyMa Kora Ke 1-1CTe4e noroso shy pa3BI1eHI1Te 3eM1H 3a3eMaaT ce n03Ha4ajHo peH1-10T POK (06114HO TOj POK e 10 rOtll1HI1 a MeCTO Kaj HaC- nonro BpeMe nopatll1 HetlOshypeTKo TOj POK e nOKpaTOK 11111-1 nononr) Co a011HOTO TeopeTCKo 11 eMm-lpHCKO n03HaSat-be Orlletl Ha Toa WTO C1-1Te oCl1rYPYBat-ba (Mewoshy Ha Teopl1jaTa 1-1 HanpaKT1-1KaTa Ha oCl1rypysashyBI1TI1) Ha gttltI1BOTOT I1MaT pa311114H1-1 n04eTOUI1 t-beTO He H ce nocBeryaawe tlOS011HO 3Ha~ Tpe6a tla ce 06e36en11 (3a ceKoe oCl1rypyshy 4et-be 1-1 BHI1MaHHe Ha MaT~MaTH4KaTa npeshysat-be on CaMI10T n04eTOK) WTeneH tlell on M1-1CKa pe3epaa Bo OCl1rYPYBal-beTQ Ha gttlt1-18) shynpeM1-1jaTa 1-1tla ce pe3epB1-1pa 3a I1nHOTO nllashy TOT Koja nOKpaj Hej311H14Te OCHOBHH centYHKU~1-1 Kat-be Koe tlOCTaCYBa npH 1-1CTeKOT Ha tloroshy WTO np01-1311erYBaaTOtl Ocwypl1TellHaTa BOpeH1-10T 6poj rOtl1-1HI1I1 BetlHaw npl1 CMpna OCHOBa Mogttlte n0311TI1BHO tla Blll1jae npl1 pea-Ha oCl1rypeHI1KoT npetll1CTeKOT Ha tlOrOBOpeshy 111-13I1pat-beTO Ha n0111-1TI1KaTa HaCTOnaHCK1-10T HI10T pOK 1I00tltlellHI1Te pe3epB1-1paHI-1 113HOshy pa3Boj CI1 l1aKO pe11an1BHO Mall1-1 naBaaT BO Maca 11 80 nOHOBO BpeMe npeMI1CKaTa pe3epBa BO Bp eMe etleH MOW He 3Ha4aeH 113HOC cpenshy Otl oCl1rYPYBal-beTo Ha gttltI1BOTOT KaKO MOHeshyCTsa TH MaTeMaTI14Ka npeMI1CKa pe3epBa TapHo - WTetlHa KaTerOp1-1ja ce nOBeKe cTa- Co Orlletl Ha Toa WTO ceKojtlHeBHO ce tloro shy HYBa npetlMeT Ha TeOpeTCKI1 11 eMn1-1pl1CKI1 BapaaT HOBI1 oCl1rYPYBat-ba 1-1 H1-1BHI1Te Wretl HI1 I1cTpagttltYBat-ba Ce nOBeKe jaKHe C03HaHI1eTO npeM1-11-1 ce sHecysaaT BO MaTeMaT1-14KaTa tleKa CpetlCTBaTa Ha MaTeMaTI14KaTa pe3epBa shype3epBa Ha TOj Ha411H ce aKyMyll1-1paaT Otl oC1-1rYPYBat-be Ha gttltI1BOTOT ce 3Ha4aeH

MOWHe 3Ha4aeH KsaHTYM cpeaCTsa KOI- cnoshy 113BOP 3a aonrop04HI1 CPl1H3HCI1CKH CpetlCTBa peaCBojaTa npl1pona ce aOllrop04HH KOHTI1shy HeOnXOtlHI1 33 cpl1HaHCHpat-be Ha nOTpe6HTeHyl1paHl111 cTa61111HI1 Ha npOWHpeHaTa penponYKUl1ja OStle ceKashy

Anpl4fl 1987 nPAHTHHA2

M-pPJ1CTOctJOTOB _TpeTMaH OT Ha MaTeMaT~aTa peJepBa Booc_rYPYBae gtllt ~BOT KaKOWTellegttgte- Crp 127 - 132

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CTonaHCTSOTO I1Ma npellSV1ll lleKa MaTeMaTI14KaTa pe3epsa CnopellyaajKI1 ro osoj ElI1ll wTellethe co paCTe Oll rooV1Ha so rooHHa 3a so 1983

6aHKapCKOTO WTellethe Ha cparaHI1Te so rOllI1Ha lla ja llOCTHrHe 6pojKaTa 00 15971 4) norllell Ha P04HOCTa MOgtllte lla ce KOHCTaTl1pa MI1fll10HI1 llI1Hapl1 a BO 1984 rool1Ha HI1BO 00 lleKa p04HaTa CTpyKrypa Ha ltpI1HaHCI1CKI1Te 20939 MI1nl10HI1 llI1Hapl1 WTO BO HaWI1 I1HCTpYMeHTH Kaj 6aHKapcKoro WTeoethe e CeraWHI1 npl1flV1KV1 Ha OCKyoHOCT 00 cpeocTsa penaTI1BHO HenOsonHa KOHKpeTHO BO 1980 npeTcTasysa cenaK MOWHe 3Ha4aeH efle shyOllI1Ha HajroneM len Oll WTelletheTO Ha rpashy MeHT Tl1e ool1rpaa OnpellefleHa Yflora so 3roshyraHI1Te_11l 11 60 011 sKynHI1Te WTeoHI1 SIlOshy lleMYBatheTO Ha KpellI1THI10T nOTeHUl1jan so middotrosl1 Ha rparaHHTe ornaraaHaillTelleth8 a visshy 3euro MjaTa Bo 1983 rOllI1Ha 113HOCOT Ha cpell shyla2 ) Toa 3Halll lleKa p04HaTa cTpyKrypa Ha CTSCiTa Ha MaTeMaTI14KaTa pe3epsa 00 oCl1ryshy6aHKapcKoTo luTellefbe npell ce e 113pa3eHa pYBat-Le gtlltI1S0T npeTcTasysawe 155 Oll 80 KpaTKop04Ha TOKMY Sl1CoKI10T CTeneH Ha 6pYTo-I1HBecTI1UI1V1Te so CcentlPJ OllHOCHO

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Co ornell ~a lOa WTO w1elletheTO no naT WTelletheTO Ha HaCefleHl1eTO so 06fll1K 6aHshyHa ocl1rypysa~e middot gtKI1SoT npeTcTasysa llI1Cshy KapCKI1 WTelHI1 SflOrOSI1 11 oCl1rypysathe Ul1nnl1Hl1paHO middot(ooroBopeH POK Ha Tpaethe 00 gtlltI1S0T ceKoraw ce elleH 00 nOCpellHI1Te HajMallKY lleceT rOllI1HI1 l1oorosopeHa COOllshy nOKa3aTefll1 3a cocToj6aTa Ha HaUI10HaflHaTa seTHa npeMHja) ollHaJipeil onpeoeneHO eKOHOMl1ja cTa6HflHocTa Ha na3apoT 11 HaMeHCKO 11 Il0IlrOp04HO 3Ha411TellHO e onWTaTa oosep6a so CTonaHCTSOTO 11 so nOKSanI1TeTHq oTKOIlKY WTO e roa cIly4aj co HerOBaTa I1llHI1Ha na 11 so HauI10HaflHaTa 6aHKapcKoTo WTellethe saflyTa 11 Hej3I1HaTa KynosHa CHfla OCl1rypysashy

80 spcKa O Toa l-P Ml1nyrl1H KI1POSI1K theTO Ha gtlltHSOTOT KaKO nOCflO)teH SI1o KOHCTaTl1pa llOrOBOpHoTO WTellethe Y1Ma nOTpowysa4Ka MOgtllte lla ce KOpl1CTI1 3a ceKaKO noce6eH 11 nOSI1COK KBalll1TeT 00 onWTeCTseHa penpOllyKUl1ja 3a qI1HaHCI1shycnoHTaHoTO WTellethe 80 HaweTO cOlmjashy pathe pa3HI1 I1HSeCTY1UI1I1 Ha OpraHl13aUY1I1Te Ill1CTI14KO onWTeCTBO 611 Tpe6all 0 noce6Ho Ha 3opYgtllteH TPYll co WTO ce npl1oOHecysa110 CTI1MYlll1pathe Ha llOroBopHoTO WTeoethe 3rofleMysathe Ha onWTeCTSeHI10T np0113S0ll 11 611oeJKI1 Toa Ha jlll1peKTHo 6a311pa Ha TeKOS shyHI1Te 1l114HI1 llOXool1 MaKpoeKOHOMCKI1Te eqeKTI1 Ha 1l0rOBopeHOTO WTellethe 611 )o-p M_nyr_H K POB MOHerapHo - KpellrH C Cshy

TeM CaepeMeHa aIlMHcrpauia oeorpail 1976 rOil MOgtllteno lla 611llaT co KonocanHI1 pa3Mepl1 crp 113 llOKOIlKY 611 ce C03llafle nOSOflHI1 ycnOBI1 3a ) 4 -p ACM CTpagttgtaK _WrCila rpabaHa 6aHKC- ~a3soJ Ha osoJ 06nl1K Ha aKYMYflaul1ja Ha rpa- n OIlYJehe 6aHKa 6p 4 1982 r eTfJ 21 raHI1Te J ) o-p MflyrH KPOOK ur il eno CrpaH Ua 114

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14 rOJlf1Ha Hf1BO OJl I WTO BO HaWf1 IHOCT OJl CpeJlCTBa me 3Ha4aeH elleshyneHa ynora BO 3roshylOT nOTeHUf1Jall BO ~3HOCOT Ha cpell shyle3epBa OJl OCf1ry shyYBawe 155 OJl CctlPJ OJlHOCHO

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1975 1976 1977 1978 1979 1980 1981

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nPAHTHHA 2 Anpl1n 1987 129

CT 127-132

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AnPHn 1987 nPAHTHHA2132

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nPAHTHHA 2 Anpl1n 1987 129

CT 127-132

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130 AnPHfl 1987

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AnpJ1fl 1987

spellHOCT HM paCTe 1011111 BO HenOBOlleH Cllyshy

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nPAHTJ1HA 2 131

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1971 1972 1973 1974

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1975 1976 1977 1978 1979 1980 1981

69 74 72 70 73 71 75 24 0 140 150 140 200 300 4~171 -6 6 -78 -7 0 -127 -22 9 -335

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AnPHn 1987 nPAHTHHA2132

CT 127-132

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8 0 norneA H3 MOgttltHcxTHT8 33 pa3BojoT Ha - oCMrypyealigtefOH3 gtKHBOTOT 3 eo KOHTeKCTOT

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OAPgttltYBSligte Ha peahHaTa BpeQHoct Ha cpeQCTBaTa Ha MaTeMaTM4KaTa pe3epBa

80 YCnosi1 Ha ci1nHo HarnaceHaTa HHshyltlgtnauHja Kaj Hac oc06eHO SO nocnellHHse HeKonKyrollHHH CEl HaMeTHysa npawaHoeTo KaKO Qa ce c04ysa peanHaTa speQHocT Ha

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130 AnPHfl 1987

M-pPHCTOIPOr08 _

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Ce noseKe lice ligteTO Ha WTeTHMTe Sp3 npeMHCKHTe pe lia gtKHSOTOT no~

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IllejaTa 33 HHJI OCHosa Ha C03Ha~

OnaralbeHa KynosH H3sHKyea onaralbe I WTeQeligteTO noce6 Ha OCHrypysalbe Ha

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80 cerawHycn enHH HarnaceHOTO e Ha napH4HHTe n06al 3aUHjaTa Ha MaTeMa rypysaHoeTo Ha gtKHB 3aUHjaTa Ha na OllHOCHO nnaCMaHH

HHltjgtnaUHjaTa ro mm saHoeTO gtlltHSOT_

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nPAHTHHA 2

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1975 r CHMnOJHjcKH

1 Meiy 51n H npMjaTa IS8middot 19G8 r la cnenHHTe I WaajuapHja e 6pHTamiddot 1fla WsencKa H Jyrocmiddot

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lJgtbHM ycnoBHMa 1975 HP cTpaHa 11

AnpJ1fl 1987

spellHOCT HM paCTe 1011111 BO HenOBOlleH Cllyshy

4aj OCTaHYBa Hepa3jalleHa Ce noseKe 11 ce n04ecTO BO OTCTpaHYBashy

ligteTO Ha WTeTHHTe llejcTBa Ha HHltpllallHjaTa Bp3 npeMHCKHTe pe3epsH Oll oCHrypysaligteTo Ha gttltHBOTOT nopallH llOllrHTe llorOBopHH POKOBH peweHHeTO Ha 3anall (BO pa3BHeshyHHTe 3eMjH) ro 6apaaT BO npHMeHaTa Ha TH HHlleKCHa KllaY3Ylla (KllaY3Ylla HHlleKC Ha 4HHeligte Ha gttltHBOTOT - Cost of Living INDEX - COLI)

I-illejaTa 3a HHlleKcaUHja ce pa3sH BP3 OCHOBa Ha C03HaHHeTO lleKa nocTojaHoTo onaraligte Ha KynoBHaTa CHlla Ha napHTe npell shyH3BHKYBa onaraligte Ha peallHaTa BpellHOCT Ha WTelletbeTO noce6Ho Ha WTelleligteTO no naT Ha OCHrypysaligte Ha gttltHBOTOT

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nOpalll1 Toa nOTpe6HO e npe3eMaligte MepKH so 0611aCTa Ha perYllHpaligteTO H3 KaMaTHHTe CTanKH so CMHClla Ha 3aMeHYshyBaligte Ha llocerawHaTa npaKTHKa Ha HOMHshyHallHH KaMaTHI1 CTanKI1 co peallHa KaMaTHa HopMa PeallHaTa KaMaTHa HopMa nOllpa3shy6Hpa HygttltHO BrpallYBaligte Ha aHTHlIHnHpaHa HHltpllallHja H Toa KaKO BO naCHBHaTa TaKa 101 BO aKTHBHaTa KaMaTa

BKaMaTysaligteTo Ha cpellcTBaTa Ha MaTeshyMaTH4KaTa pe3epBa Oll oCHrypysaligteTo Ha gttltHSOTOT co peallHH KalliiaTHI1 CTanKH WTO 6H I1Malle BrpalleHa nllaHHpaHa CTanKa Ha HHltpllallHja Koe Ke sllHjae CTHMYllaTHBHO BP3 rparaHHTe so npHltpaKaligteTO H BO CKllY4ysashyligteTO HOBH oCHrypysaligta Ha gttltHBOTOT H 6H npHllOHeCllO 3a 3a6p3aH pa3Boj Ha OBaa rpaHKa Ha OCHrYPYBaligte a eo HCTO epeMe H Oll 3rolleMyealigte Ha npeMI1CKaTa pe3epea

OrryKa npoH3IIerysa lleKa llOKOllKY OllHOshyCOT Mery KaMaTHaTa CTanKa 101 CTanKaTa Ha HHltpllallHja He ce pewH Ha 3allOeOllHTelleH Ha4HH (eo CMHClla Ha erpallYBaligte Ha CTanshyKaTa Ha HHltpllaUHjaTa BO KaMaTHaTa CTanKa co Koja ce sKaMaryBaaT cpellCTBaTa Oll MaTeMashy

lt1 laHyal-l 1~8i1

TI14KaTa npeMHCKa pe3epBa) TOj no llHMHTHpa4KI1 ltpaKTOp BO pa3BojoT Ha Ot BHll OCHrYPYBaligte Bo TeopeTCKHTe pacshynpaBH BO 6pOjHH MaTepHjallH ce 3acTanYBa CTaHOBHWTeTO 101 6apaligteTO 0) WTO ce coceMa onpaBllaHH lleKa e HeonxOllHO C03shyllaBaligte nonOBOllHH YCllOBH 3a pa3Boj Ha lloroBopeHoTo WTelleligte (npeMHcKo WTeshylleligte Oll oCHrYPysaligte Ha ~ gttltHSOTOT) SO OllHOC Ha OCTaHaTHTe ltP0PMH Ha WTelleligte Ha HacelleHHeTO QYPH 101 Kora Oll onpellelleHH npH4HHH ce soAK nonHTHKa Ha HeraTI1SHa peallHa KaMaTH3 CTanKa ia unellHHTe SIlOshyrOSH Ha rparaHHTe BO uellHHa ~ilorOBopeHoTo WTelleligte 6101 Tpe6allolla ~HA~ H33eMemiddotHmiddoto Oll TaKsaTa nomnHK3 middotOHa ~TO ~Ioic 6HJlo MI1HI1shyMYM rapaHUHJa e Hyma p~aRHa KaMaTHa CTanK3 Ha OBOj B ll wTellalioEl aTOa 611 3Ha~ 4ellO lla ce Hcnllarys3 KoMneH3aTopHa KaMaTa so BHCHHa Ha pa311HKaT3 Mery CTanshyKaTa Ha I1HltPllaUHjaTa HpellosHaTa HOMHHallHa KaMaTHa CTanKa ~

Oll osa npoH311eryea3aKlIY40KOT lleKa npaBOTO Ha 06ewTerysalioe e HeocnopHO Mefyroa ce nocraeysa npawalioe Oll KOH middot H3BOPH lla ce H3SpWHToa 06ewTeryBaligte

AKO ce~6apaaTTHe H3S0PH npaKTHKaTa HI1 npell04ysa peweHHe Koe e cnpOBelleHO 3a speMe onWT~cTseHara 101 cTonaHCKaTa peltpopMaOll 1965rollmiddotHHa I-iMeHo onWTecshyTBeHaTa 3aellHHua 06e36ellH BO Toa epeMe lleBallBaUHoHeH HallOMeCIOK middot3a WTellHI1Te BnOrOBl1 3a MaTeMaTHYKaTa pe3epSIl Oll OCHshyrypysaligte Ha gttltHSOT H3a 06SP3HHUHTe Ha 3aeM 23WTO npHllOHece110 CTHMYllaTHBHO llejcTso spi WTalla4HTe)

3a HllYCTpaUHja 3a Toa KOllKY eCOYYBaHa spellHOCTa Ha cpellcTBaTa Ha npeMHCKaTa pe3epBa Oll OCHrYPYBaligteTO Ha gttltHBOTKaj Hac ro npe3eHTHpaMe npernellOT co nOlla- middot TOUH 3a nepHolloT 1971 - 1981 rOllHHa KOH ce ollHecysaaT Ha SHCHHaTa Ha npeCMeTaHHTe KaMaTH Ha cpellCTBaTa Oll oCHrYPYBaligte Ha gttltHBOT H Ha CTanKaTa Ha I1HltPlla llHjaTa 2)

) ltIlHHcKa e enHa on npaHTe JeMjH Koja no BTopaTa cseTCKa aOjHa BpJ OCHoaa Ha HHneKCOT Ha TPOWOUH H llttHJleKCOT Ha ueH Ha rOlleMO CTetltHa roneMO l-1CKYCTBO co

umpOKaTa npHMeHa Ha HHAeKCHaTa KnaYlyna 1M BY~KO 8HK CaapeMeHH np06neMH MOHeTapHe TeopHje HnOIlHTHshyKe HaY~Ha KtbHra 5eorpan 1960 CTp 27)

I Ll-p MHnyrHH KHpMoaHK UTneno CTpaHHua 114 ) nOMpaj Toa caeQOUH CMe Ja HeraTHBHHTe e4gteMTH

~ ~~~~TaPH~Te BnacT KO eo npoeKTHTe Ja QeaallBauHja H 1 80 rOQHHa He eMIlY~Hne nponopUHOHanHO

06e~Teryaatbe Ja norope cnoMeHaTHTe WTena~H nocnja~~O~=~ naJapeaHK llHKSHQHOCT conaeHTHOCT

bull QHHua ocrypatba H JaeQHHua peOCHr bull ~pgtb~4OcHrypatbe HnpHapeQa 3arpe6 6poj 1 - 2 1983~

nPAHTJ1HA 2 131

bull

M-pPJ1CTO ltJJOTOB _TpeTMaHOT Ha MaTeMaTH4KaTa pe3epBa BO OCHrypyealbe gtKHBOT KaKO WTeaefbe- CTp 127 -- 132

npernetJ 6poj 1

QSI-1gtKet-beTO Ha npOCeYHI-1Te KaMaTHH CTanKI-1 Ha sKaMaTysat-be Ha cpeacTsaTa Ol oCHrypyshysat-be Ha gtKI-1S0TOT 1-1 CTanKI-1Te Ha I-1Hcgtnaul-1jaTa 3a nepl-1oaoT 1971 -1981 roaI-1Ha

1971 1972 1973 1974

npoceK KaM 83 66 68 71l CTanKa Ha I1HcPnaul1ja 160 17 0 20 0 21 0 Pa3nl1Ka -7 7 -lOA 132 139

1975 1976 1977 1978 1979 1980 1981

69 74 72 70 73 71 75 24 0 140 150 140 200 300 4~171 -6 6 -78 -7 0 -127 -22 9 -335

M-p nABflEPI16AI C03T MeTanCKH 3aeOIl_l

KAllPOBCKA PA50H1TE ~ PA (nPEQnOr MO~

I_ C4l8KaHr8Ta 38

np06neMOT Ha HaWaTa jasHocT r 3apYgtKeH TPYa C m1YHI-1 HaYI-1HI-1 AK( OpraHI-131-1paHOCTa so 03T SO pa3nV peCHI-1 3aeaHI-1UI-1 nOnl-1TI-1YKI-1Te opr OrpOMHa WapeH( pa3nl-1YHI-1 ltPOPMH osaa ltPYHKUHja 0 a eKa KaapOSCKaT npHnl-1wysa Tpem ja I-1nl-1 ltPYHKUl-1ja H HI-1CTpaTI-1SHa ltPYH TCTasysa CaMO T I-1TH

3a gtKan peTKH Ul-1l-1Te so KOI-1 KaM SOjHO - YHanpeJ ltPYHKUl-1ja Koja na MeHTI-1 SO OpraHI-1 aysat-be Hapa601 3Haet-ba3rOneMY yHanpea ysat-be Hi Te OlHOCHO KaK cysa 3a CeCTpat pecypcl-1 SO 03T TSeHO - nOnl-1TI-1Y

KaKO nocnel~ nojasysa 1-1 CTene Kaa pOSCKaTa ltPy Oa npl-16nl-1gtKHO gtKeH TPYa SO CP 3aUI-11-1Te KaapOB( eaHO nl-1ue Toa e I-1nl-1 HeWTO CnH-I1 CKaTa cgtYHKUl-1ja j

HajyeCTO ce nep-c 80 oKony 40 0

Oa nOaaTOUI-1Te so nperneaos ce SOOYysa aeKa peanHaTa KaMaTHa CTanKa so npeaMeTshyHI-10S nepl-1oa cnopea Koja ce spwewe BKashyMaTysat-be Ha cpeacTsaTa oa oCl-1rypysat-be Ha gtKI-1S0TOT 6ewe nOCTO)aHO so 30HaTa Ha HeraTI-1SHI-1 KaMaTHI-1 CTanKI-1 1-1 Toa so paCnOHOT oa -66ao -335 WTO 360pysa 3a TpajHa TeHshyaeHUl-1ja Ha 06e3speaHysat-be Ha oSl-1e cpeashyCTsa so TOj nepl-1oamiddot 80 roal-1HI-1Te WTO cneshy

Ilea no TOj nepl-1oa cocToj6aTa so HI-1WTO He ce 1-13MeHI-1 HanpOTI-1S noa aejcTso Ha SI-1COKI-1Te I-1HcgtnaUI-10HI-1 CTanKI-1 1-1 Ha penaTI-1SHO HI-1CKI-1Te KaMaTHI-1 CTanKI-1 Ha sKaMaTysat-be Ha nnaCMashyHI-1Te Ha npeMI-1CKaTa pe3epsa oa oCl-1rypyshysat-be Ha gtKI-1S0TOT aojae aYPl-1ao snowysat-be 1-1 ao HaTaMOWHO 06e3speaHysat-be Ha cpeashyCTsaTa oa oCl-1rypysat-beTO Ha gtKI-1S0TOT

AnPHn 1987 nPAHTHHA2132

middot

Qettgte CTP 127 - 132 MmiddotpPl1cra ltparas TpeTMaHOT Ha MaTeMaTH~~aTa peJepaa ao oCHrypyaatbe HaOT ~a~o WTene UDC 08J 149 II

pysatbe WTO 6101 rH t 3a OCl1rypysaligte ~H npocTOp 101 3a IHllyanHoTO oCl1ryshy

ra Ha oCHrypysashyleKTI1BI1Te 3a YWTe eHOCT Ha osoj SHll 311CI1 ~ Oll cTa61111shy

ia paKTOT lleKa lloroshy~HrypyBatbeTO Ha 10JlrH (06H4HO 10 TO Ha HHltpnaUl1jaTa na HeCTa6HllHoCT all 11 Toa so nepHOshyIUI1I1 Ha HHltpnaUI10shy

) HaManYBatbe Ha e Ha gtlltHBOTOT llO 10CT H BO nocTojashyBatbeTO Ha gtlltHBOshy3tbe Ha nocTojHHTe 0TKyn

ITa BpeAHOCT Ha H4KBTa pe3epB8

HarnaceHaTa I1Hshy

o eo nOCllellHI1Be -THYBa npaWaligteTO HaTa BpellHOCT Ha gtll oCl1rypyealigteTO I BO napl11eH (KpCshy3Hgte ce nOCTaBYBa a40T TyKy 11 npell 3ellHHua 80 3eMshy~ - OllHOC cpell shype3epBa ce nllaCHshycaMO Mall llell Oll ~11 eo nllaCMaHH Kaj l caMO WTO He ce BI1 TYKY peallHaTa

Ocrypagtbe Kao lt1laKTop 178r CTflmiddot 180HATacHK pattgte )1(HSOTa Y HaWHM

1975 r CHMnOJHjcKH

1 Meiy 51n H npMjaTa IS8middot 19G8 r la cnenHHTe I WaajuapHja e 6pHTamiddot 1fla WsencKa H Jyrocmiddot

aUHja APywTBeHor npomiddot aHOBHamp1WTSa y Jyrocnashy981 r 3arpe6 CTp 19 be nHua nOCeOHQ OCamp1shy

lJgtbHM ycnoBHMa 1975 HP cTpaHa 11

AnpJ1fl 1987

spellHOCT HM paCTe 1011111 BO HenOBOlleH Cllyshy

4aj OCTaHYBa Hepa3jalleHa Ce noseKe 11 ce n04ecTO BO OTCTpaHYBashy

ligteTO Ha WTeTHHTe llejcTBa Ha HHltpllallHjaTa Bp3 npeMHCKHTe pe3epsH Oll oCHrypysaligteTo Ha gttltHBOTOT nopallH llOllrHTe llorOBopHH POKOBH peweHHeTO Ha 3anall (BO pa3BHeshyHHTe 3eMjH) ro 6apaaT BO npHMeHaTa Ha TH HHlleKCHa KllaY3Ylla (KllaY3Ylla HHlleKC Ha 4HHeligte Ha gttltHBOTOT - Cost of Living INDEX - COLI)

I-illejaTa 3a HHlleKcaUHja ce pa3sH BP3 OCHOBa Ha C03HaHHeTO lleKa nocTojaHoTo onaraligte Ha KynoBHaTa CHlla Ha napHTe npell shyH3BHKYBa onaraligte Ha peallHaTa BpellHOCT Ha WTelletbeTO noce6Ho Ha WTelleligteTO no naT Ha OCHrypysaligte Ha gttltHBOTOT

I-iHlleKcallHjaTa Ha WTelleligteTO ce COCTOH BO csellYBaligte Ha HOMI1HallHHTe 3aWTellH Ha peallHH BpellHOCTH co nOMOW Ha HHlleKo-iH 6poesH I-iHlleKcHaTa KllaY3yna e npHMeHeTa so YHrapHja centgtHHCKa centgtpaHlIHja repMaHHja H so HeKOH llpyrH eBponCKH 3eMjH 9 )

Bo CeraWHI1 YCllOBH CTaHYBaaT ce noaKryshyellHH HarnaceHOTO BHCOKO 06e3BpellHYBaligte Ha napH4HHTe n06apYBaligta Kaj Hac BallopHshy3allHjaTa Ha MaTeMaTH4KaTa pe3epBa Oll OCH- rYPYBaligteTO Ha gttltI1S0TOT 101 BoonwTO sallopHshy3allHjaTa Ha napH4HHTe n06apYBaligta OllHOCHO nllaCMaHI1 HeraTHBHOTO llejcTBo Ha HHltpllallHjaTa ro norOllYBa npell ce oCHrypyshyBaligteTO gttltI1BOT

nOpalll1 Toa nOTpe6HO e npe3eMaligte MepKH so 0611aCTa Ha perYllHpaligteTO H3 KaMaTHHTe CTanKH so CMHClla Ha 3aMeHYshyBaligte Ha llocerawHaTa npaKTHKa Ha HOMHshyHallHH KaMaTHI1 CTanKI1 co peallHa KaMaTHa HopMa PeallHaTa KaMaTHa HopMa nOllpa3shy6Hpa HygttltHO BrpallYBaligte Ha aHTHlIHnHpaHa HHltpllallHja H Toa KaKO BO naCHBHaTa TaKa 101 BO aKTHBHaTa KaMaTa

BKaMaTysaligteTo Ha cpellcTBaTa Ha MaTeshyMaTH4KaTa pe3epBa Oll oCHrypysaligteTo Ha gttltHSOTOT co peallHH KalliiaTHI1 CTanKH WTO 6H I1Malle BrpalleHa nllaHHpaHa CTanKa Ha HHltpllallHja Koe Ke sllHjae CTHMYllaTHBHO BP3 rparaHHTe so npHltpaKaligteTO H BO CKllY4ysashyligteTO HOBH oCHrypysaligta Ha gttltHBOTOT H 6H npHllOHeCllO 3a 3a6p3aH pa3Boj Ha OBaa rpaHKa Ha OCHrYPYBaligte a eo HCTO epeMe H Oll 3rolleMyealigte Ha npeMI1CKaTa pe3epea

OrryKa npoH3IIerysa lleKa llOKOllKY OllHOshyCOT Mery KaMaTHaTa CTanKa 101 CTanKaTa Ha HHltpllallHja He ce pewH Ha 3allOeOllHTelleH Ha4HH (eo CMHClla Ha erpallYBaligte Ha CTanshyKaTa Ha HHltpllaUHjaTa BO KaMaTHaTa CTanKa co Koja ce sKaMaryBaaT cpellCTBaTa Oll MaTeMashy

lt1 laHyal-l 1~8i1

TI14KaTa npeMHCKa pe3epBa) TOj no llHMHTHpa4KI1 ltpaKTOp BO pa3BojoT Ha Ot BHll OCHrYPYBaligte Bo TeopeTCKHTe pacshynpaBH BO 6pOjHH MaTepHjallH ce 3acTanYBa CTaHOBHWTeTO 101 6apaligteTO 0) WTO ce coceMa onpaBllaHH lleKa e HeonxOllHO C03shyllaBaligte nonOBOllHH YCllOBH 3a pa3Boj Ha lloroBopeHoTo WTelleligte (npeMHcKo WTeshylleligte Oll oCHrYPysaligte Ha ~ gttltHSOTOT) SO OllHOC Ha OCTaHaTHTe ltP0PMH Ha WTelleligte Ha HacelleHHeTO QYPH 101 Kora Oll onpellelleHH npH4HHH ce soAK nonHTHKa Ha HeraTI1SHa peallHa KaMaTH3 CTanKa ia unellHHTe SIlOshyrOSH Ha rparaHHTe BO uellHHa ~ilorOBopeHoTo WTelleligte 6101 Tpe6allolla ~HA~ H33eMemiddotHmiddoto Oll TaKsaTa nomnHK3 middotOHa ~TO ~Ioic 6HJlo MI1HI1shyMYM rapaHUHJa e Hyma p~aRHa KaMaTHa CTanK3 Ha OBOj B ll wTellalioEl aTOa 611 3Ha~ 4ellO lla ce Hcnllarys3 KoMneH3aTopHa KaMaTa so BHCHHa Ha pa311HKaT3 Mery CTanshyKaTa Ha I1HltPllaUHjaTa HpellosHaTa HOMHHallHa KaMaTHa CTanKa ~

Oll osa npoH311eryea3aKlIY40KOT lleKa npaBOTO Ha 06ewTerysalioe e HeocnopHO Mefyroa ce nocraeysa npawalioe Oll KOH middot H3BOPH lla ce H3SpWHToa 06ewTeryBaligte

AKO ce~6apaaTTHe H3S0PH npaKTHKaTa HI1 npell04ysa peweHHe Koe e cnpOBelleHO 3a speMe onWT~cTseHara 101 cTonaHCKaTa peltpopMaOll 1965rollmiddotHHa I-iMeHo onWTecshyTBeHaTa 3aellHHua 06e36ellH BO Toa epeMe lleBallBaUHoHeH HallOMeCIOK middot3a WTellHI1Te BnOrOBl1 3a MaTeMaTHYKaTa pe3epSIl Oll OCHshyrypysaligte Ha gttltHSOT H3a 06SP3HHUHTe Ha 3aeM 23WTO npHllOHece110 CTHMYllaTHBHO llejcTso spi WTalla4HTe)

3a HllYCTpaUHja 3a Toa KOllKY eCOYYBaHa spellHOCTa Ha cpellcTBaTa Ha npeMHCKaTa pe3epBa Oll OCHrYPYBaligteTO Ha gttltHBOTKaj Hac ro npe3eHTHpaMe npernellOT co nOlla- middot TOUH 3a nepHolloT 1971 - 1981 rOllHHa KOH ce ollHecysaaT Ha SHCHHaTa Ha npeCMeTaHHTe KaMaTH Ha cpellCTBaTa Oll oCHrYPYBaligte Ha gttltHBOT H Ha CTanKaTa Ha I1HltPlla llHjaTa 2)

) ltIlHHcKa e enHa on npaHTe JeMjH Koja no BTopaTa cseTCKa aOjHa BpJ OCHoaa Ha HHneKCOT Ha TPOWOUH H llttHJleKCOT Ha ueH Ha rOlleMO CTetltHa roneMO l-1CKYCTBO co

umpOKaTa npHMeHa Ha HHAeKCHaTa KnaYlyna 1M BY~KO 8HK CaapeMeHH np06neMH MOHeTapHe TeopHje HnOIlHTHshyKe HaY~Ha KtbHra 5eorpan 1960 CTp 27)

I Ll-p MHnyrHH KHpMoaHK UTneno CTpaHHua 114 ) nOMpaj Toa caeQOUH CMe Ja HeraTHBHHTe e4gteMTH

~ ~~~~TaPH~Te BnacT KO eo npoeKTHTe Ja QeaallBauHja H 1 80 rOQHHa He eMIlY~Hne nponopUHOHanHO

06e~Teryaatbe Ja norope cnoMeHaTHTe WTena~H nocnja~~O~=~ naJapeaHK llHKSHQHOCT conaeHTHOCT

bull QHHua ocrypatba H JaeQHHua peOCHr bull ~pgtb~4OcHrypatbe HnpHapeQa 3arpe6 6poj 1 - 2 1983~

nPAHTJ1HA 2 131

bull

M-pPJ1CTO ltJJOTOB _TpeTMaHOT Ha MaTeMaTH4KaTa pe3epBa BO OCHrypyealbe gtKHBOT KaKO WTeaefbe- CTp 127 -- 132

npernetJ 6poj 1

QSI-1gtKet-beTO Ha npOCeYHI-1Te KaMaTHH CTanKI-1 Ha sKaMaTysat-be Ha cpeacTsaTa Ol oCHrypyshysat-be Ha gtKI-1S0TOT 1-1 CTanKI-1Te Ha I-1Hcgtnaul-1jaTa 3a nepl-1oaoT 1971 -1981 roaI-1Ha

1971 1972 1973 1974

npoceK KaM 83 66 68 71l CTanKa Ha I1HcPnaul1ja 160 17 0 20 0 21 0 Pa3nl1Ka -7 7 -lOA 132 139

1975 1976 1977 1978 1979 1980 1981

69 74 72 70 73 71 75 24 0 140 150 140 200 300 4~171 -6 6 -78 -7 0 -127 -22 9 -335

M-p nABflEPI16AI C03T MeTanCKH 3aeOIl_l

KAllPOBCKA PA50H1TE ~ PA (nPEQnOr MO~

I_ C4l8KaHr8Ta 38

np06neMOT Ha HaWaTa jasHocT r 3apYgtKeH TPYa C m1YHI-1 HaYI-1HI-1 AK( OpraHI-131-1paHOCTa so 03T SO pa3nV peCHI-1 3aeaHI-1UI-1 nOnl-1TI-1YKI-1Te opr OrpOMHa WapeH( pa3nl-1YHI-1 ltPOPMH osaa ltPYHKUHja 0 a eKa KaapOSCKaT npHnl-1wysa Tpem ja I-1nl-1 ltPYHKUl-1ja H HI-1CTpaTI-1SHa ltPYH TCTasysa CaMO T I-1TH

3a gtKan peTKH Ul-1l-1Te so KOI-1 KaM SOjHO - YHanpeJ ltPYHKUl-1ja Koja na MeHTI-1 SO OpraHI-1 aysat-be Hapa601 3Haet-ba3rOneMY yHanpea ysat-be Hi Te OlHOCHO KaK cysa 3a CeCTpat pecypcl-1 SO 03T TSeHO - nOnl-1TI-1Y

KaKO nocnel~ nojasysa 1-1 CTene Kaa pOSCKaTa ltPy Oa npl-16nl-1gtKHO gtKeH TPYa SO CP 3aUI-11-1Te KaapOB( eaHO nl-1ue Toa e I-1nl-1 HeWTO CnH-I1 CKaTa cgtYHKUl-1ja j

HajyeCTO ce nep-c 80 oKony 40 0

Oa nOaaTOUI-1Te so nperneaos ce SOOYysa aeKa peanHaTa KaMaTHa CTanKa so npeaMeTshyHI-10S nepl-1oa cnopea Koja ce spwewe BKashyMaTysat-be Ha cpeacTsaTa oa oCl-1rypysat-be Ha gtKI-1S0TOT 6ewe nOCTO)aHO so 30HaTa Ha HeraTI-1SHI-1 KaMaTHI-1 CTanKI-1 1-1 Toa so paCnOHOT oa -66ao -335 WTO 360pysa 3a TpajHa TeHshyaeHUl-1ja Ha 06e3speaHysat-be Ha oSl-1e cpeashyCTsa so TOj nepl-1oamiddot 80 roal-1HI-1Te WTO cneshy

Ilea no TOj nepl-1oa cocToj6aTa so HI-1WTO He ce 1-13MeHI-1 HanpOTI-1S noa aejcTso Ha SI-1COKI-1Te I-1HcgtnaUI-10HI-1 CTanKI-1 1-1 Ha penaTI-1SHO HI-1CKI-1Te KaMaTHI-1 CTanKI-1 Ha sKaMaTysat-be Ha nnaCMashyHI-1Te Ha npeMI-1CKaTa pe3epsa oa oCl-1rypyshysat-be Ha gtKI-1S0TOT aojae aYPl-1ao snowysat-be 1-1 ao HaTaMOWHO 06e3speaHysat-be Ha cpeashyCTsaTa oa oCl-1rypysat-beTO Ha gtKI-1S0TOT

AnPHn 1987 nPAHTHHA2132

bull

M-pPJ1CTO ltJJOTOB _TpeTMaHOT Ha MaTeMaTH4KaTa pe3epBa BO OCHrypyealbe gtKHBOT KaKO WTeaefbe- CTp 127 -- 132

npernetJ 6poj 1

QSI-1gtKet-beTO Ha npOCeYHI-1Te KaMaTHH CTanKI-1 Ha sKaMaTysat-be Ha cpeacTsaTa Ol oCHrypyshysat-be Ha gtKI-1S0TOT 1-1 CTanKI-1Te Ha I-1Hcgtnaul-1jaTa 3a nepl-1oaoT 1971 -1981 roaI-1Ha

1971 1972 1973 1974

npoceK KaM 83 66 68 71l CTanKa Ha I1HcPnaul1ja 160 17 0 20 0 21 0 Pa3nl1Ka -7 7 -lOA 132 139

1975 1976 1977 1978 1979 1980 1981

69 74 72 70 73 71 75 24 0 140 150 140 200 300 4~171 -6 6 -78 -7 0 -127 -22 9 -335

M-p nABflEPI16AI C03T MeTanCKH 3aeOIl_l

KAllPOBCKA PA50H1TE ~ PA (nPEQnOr MO~

I_ C4l8KaHr8Ta 38

np06neMOT Ha HaWaTa jasHocT r 3apYgtKeH TPYa C m1YHI-1 HaYI-1HI-1 AK( OpraHI-131-1paHOCTa so 03T SO pa3nV peCHI-1 3aeaHI-1UI-1 nOnl-1TI-1YKI-1Te opr OrpOMHa WapeH( pa3nl-1YHI-1 ltPOPMH osaa ltPYHKUHja 0 a eKa KaapOSCKaT npHnl-1wysa Tpem ja I-1nl-1 ltPYHKUl-1ja H HI-1CTpaTI-1SHa ltPYH TCTasysa CaMO T I-1TH

3a gtKan peTKH Ul-1l-1Te so KOI-1 KaM SOjHO - YHanpeJ ltPYHKUl-1ja Koja na MeHTI-1 SO OpraHI-1 aysat-be Hapa601 3Haet-ba3rOneMY yHanpea ysat-be Hi Te OlHOCHO KaK cysa 3a CeCTpat pecypcl-1 SO 03T TSeHO - nOnl-1TI-1Y

KaKO nocnel~ nojasysa 1-1 CTene Kaa pOSCKaTa ltPy Oa npl-16nl-1gtKHO gtKeH TPYa SO CP 3aUI-11-1Te KaapOB( eaHO nl-1ue Toa e I-1nl-1 HeWTO CnH-I1 CKaTa cgtYHKUl-1ja j

HajyeCTO ce nep-c 80 oKony 40 0

Oa nOaaTOUI-1Te so nperneaos ce SOOYysa aeKa peanHaTa KaMaTHa CTanKa so npeaMeTshyHI-10S nepl-1oa cnopea Koja ce spwewe BKashyMaTysat-be Ha cpeacTsaTa oa oCl-1rypysat-be Ha gtKI-1S0TOT 6ewe nOCTO)aHO so 30HaTa Ha HeraTI-1SHI-1 KaMaTHI-1 CTanKI-1 1-1 Toa so paCnOHOT oa -66ao -335 WTO 360pysa 3a TpajHa TeHshyaeHUl-1ja Ha 06e3speaHysat-be Ha oSl-1e cpeashyCTsa so TOj nepl-1oamiddot 80 roal-1HI-1Te WTO cneshy

Ilea no TOj nepl-1oa cocToj6aTa so HI-1WTO He ce 1-13MeHI-1 HanpOTI-1S noa aejcTso Ha SI-1COKI-1Te I-1HcgtnaUI-10HI-1 CTanKI-1 1-1 Ha penaTI-1SHO HI-1CKI-1Te KaMaTHI-1 CTanKI-1 Ha sKaMaTysat-be Ha nnaCMashyHI-1Te Ha npeMI-1CKaTa pe3epsa oa oCl-1rypyshysat-be Ha gtKI-1S0TOT aojae aYPl-1ao snowysat-be 1-1 ao HaTaMOWHO 06e3speaHysat-be Ha cpeashyCTsaTa oa oCl-1rypysat-beTO Ha gtKI-1S0TOT

AnPHn 1987 nPAHTHHA2132