17.4 Australia's place in Asia and the global economy

Australia's economy makes up what % of the world's production?

• 0.5%

• 2%

• 5%

• 20%

What fraction of Australian production is exported overseas?

• 1/2

• 1/3

• 1/4

• 1/5

Imports are goods and services produced __________ and sold to Australia.

• Overseas

• Locally

• Interstate

• By restaurants and cafes

Australia has an abundance of __________ _____________ that it exports overseas.

• Cars and motorbikes

• Telecommunications and Computers

• Household goods

• Natural resources

Natural resources are often referred to as ____________

• GST

• Commodities

• Profitable resources

• Renewable resources

Australia's natural resources are in high demand from which country in particular?

• New Zealand

• Japan

• Indonesia

• China

Australia is listed as the ______ highest trader of exports in the world

• 1st

• 10th

• 12th

• 27th

The Netherlands has a higher ranking according to the value of export goods in 2015

• True

• False

Can products be made in Australia but owned by a foreign company?

• No

• Yes

• With competing companies permission

• If the company is profitable

In 1900 Australia traded what % of all exported goods to Britain?

• 30%

• 40%

• 60%

• 80%