Business T1 revision

What does this graph about Australia display? (Use the full words, not the acronym)

(a)  

According to the graph, what is the trend in the orange line (GDP growth)?

• Upward

• Downward

• Steady

• Up and down (volatile)

How regularly is GDP measured?

(a)  

What is the trend of the blue (bar) GDP value?

• Upward

• Steady

• Downward

• Volatile (fluctuates up and down)

Why is the orange line (growth) decreasing but the blue bar (value) is increasing?

• The two measures are not linked

• The blue is long term but orange short term

• The data is for different countries

• Even a small growth increases total value

According to the map, which town has the highest rate of unemployment?

(a)  

Which area has the lowest unemployment?

(a)  

Which best describes the distribution of employment?

• Higher employment to the north and south

• Higher employment near Townsville, Gladstone and Mackay

• Higher employment in Cairns

• Higher unemployment in Gladstone and Townsville

Which of these would not reduce unemployment?

• Increasing taxation rates

• Reduce interest rates

• Increase education and training

• Boost employment subsidies

What policy to boost employment involves greater Government spending f (a)   policy.