Floods Hit Australian Economy as Wild Weather Persists

The transcript discusses the severe impact of recent floods in Australia, particularly in Victoria, on agriculture and food supply, leading to increased prices. It highlights the economic consequences, including market impacts and budget risks. The transcript also covers weather patterns, noting the ongoing La Nina event causing record rainfall and further flooding risks.

What is the main reason for the expected increase in prices according to the treasurer?

• A rise in fuel prices

• An increase in export tariffs

• Flooding in key agricultural areas

• A decrease in consumer demand

Which area was mentioned as having 85% of its land underwater?

• Tasmania

• Rochester

• Brisbane

• Sydney

What natural event ended the fires in 2019-2020?

• A biblical deluge

• A cyclone

• A severe drought

• A heatwave

What weather phenomenon is currently affecting Eastern Australia?

• El Nino

• La Nina

• Monsoon

• Drought

How much rainfall has Sydney recorded, breaking previous records?

• 1.5 meters

• 2.2 meters

• 3.0 meters

• 4.5 meters