Strategy Summary and Misc

How much debt does the Australian Government owe other countries

• None

• 17 Million

• 170 Million

• 17 Billion

In order to evaluate a way to improve a country one needs to consider

Evaluate responses using AI:

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A way to improve GDP and economic growth in the short term is to (2 answers)

• Make and sell more products

• Impletment a budget

• Adjust the inflation rate

• Implement a progressive tax system

Which of the following strategies will have long term impacts on improving GDP for a developing economy

• Education

• Healthcare

• Superannuation

• Unemployment

• Environmental

Employing educated people may cost more money but will mean that more equal decisions are made leading to economic growth.

• Yes

• No

• Only in short term

• Only in long term

Improving Superannuation will have a short term impact on a developing income economy?

• True

• False

A banking system that is regulated e.g. reserve bank or central bank is good for independent decisions and stabilising the economy.

• True

• False

Which indicators is the best measure of where a country economic performance on the trade cycle (Graph)

• Lagging - Dwelling and CPI

• Coincident - Retail Sales

• Leading - Housing Approvals and GDP

Who does Australia borrow money from? (Choose two)

• United States

  China

• United States

  United Kingdom

• China

  Japan

• Japan

  Belgium

How much does Australia 'give away' in foreign aid (e.g. foregin disaster)?

• None

• 4.5 million

• 4.5 billion