year 11 ad, as and macroeconomic goals

What is the target rate of real GDP growth per annum considered both strong and sustainable according to the Federal Government?

• 1 - 2.5 percent

• 3 - 3.5 percent

• 4 - 4.5 percent

• 2 - 3 percent

What is the current unemployment rate that is considered to be an inflation rate of unemployment?

• Approximately 3.5%

• Approximately 4.25%

• Approximately 5%

• Approximately 6%

Which of the following is NOT listed as a macroeconomic goal supported by the Federal Government?

• Strong and sustainable economic growth

• Full employment

• Low and stable inflation

What is the primary focus of aggregate supply policies mentioned in the text?

• To decrease the total volume of goods and services available

• To increase the willingness and ability of businesses to supply goods and services

• To promote high inflation rates

• To reduce employment rates

According to the text, what inevitably results from the nature of market capitalist economies?

• Equitable distribution of income

• Decrease in personal effort

• Inequality in the distribution of income and wealth

• Stability in economic growth

What is the purpose of the schemes mentioned in the text regarding higher education access?

• To provide financial assistance to all students

• To ensure equal opportunity through free and compulsory education and targeted schemes

• To limit access to higher education to certain backgrounds

• To promote private education over public education

To promote an equitable distribution of incomes the government maintains a progressive personal income tax system and provides means-tested t.................. p............... to financially support the most disadvantaged members of society

(a)  

To promote an equitable distribution of incomes the government maintains a p (a)   personal income tax system

To promote an equitable d.................... o... i..................... the government maintains a progressive personal income tax system and provides means-tested transfer payments to financially support the most disadvantaged members of society

(a)  

Government also see to provide equality through free and compulsory ?

• medicare

• transfer payments

• education

• training