Australia Says Some Industries Need Additional Support

The video discusses Australia's economic response to the pandemic, highlighting monetary and fiscal policies, including a 13.3% GDP financial support package. It details support for businesses and households, sector-specific measures for construction and tourism, and challenges faced by the tourism and arts sectors due to social distancing and border restrictions.

What percentage of GDP has Australia announced in financial and economic support during the pandemic?

• 20.1%

• 10.5%

• 13.3%

• 15.7%

Which sector received cash payments for undertaking new builds or substantial rebuilds of properties?

• Tourism

• Healthcare

• Retail

• Construction

Which sector is facing challenges due to social distancing laws affecting venue capacity?

• Agriculture

• Finance

• Technology

• Arts

What percentage of Australia's tourism activity is domestic?

• 50%

• 60%

• 80%

• 70%

What is a significant challenge for the tourism sector in Australia as mentioned in the transcript?

• International border closures

• Competition from other countries

• Lack of domestic tourists

• High operational costs