Australia's January Trade Data Weaker Than Expected

Australia's January Trade Data Weaker Than Expected

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses unexpected Australian economic data, focusing on unemployment and trade figures. It highlights a significant drop in trade numbers, particularly exports to China, and explores potential reasons such as the timing of the Chinese New Year. The analysis includes changes in imports and exports, with a notable decline in coal and iron ore sales. The video concludes with a discussion on the factors influencing the weaker-than-expected trade balance, including seasonality.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the expected unemployment number for the month compared to the actual figure?

1.3 billion expected, 3.8 billion actual

3.8 billion expected, 1.3 billion actual

1.3 billion expected, 1.3 billion actual

3.8 billion expected, 3.8 billion actual

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the import and export percentages change?

Imports fell 4%, exports rose 3%

Imports rose 4%, exports rose 3%

Imports rose 4%, exports fell 3%

Imports fell 4%, exports fell 3%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the change in exports to China from December to January?

From $10 billion to $7.6 billion

From $5.8 billion to $4.5 billion

From $6.4 billion to $5.3 billion

From $7.6 billion to $10 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is suggested as a possible reason for the weaker trade balance?

Increase in coal sales

Early Chinese New Year

Late Chinese New Year

Decrease in iron ore prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons analysts are considering for the unexpected trade balance?

Rise in export prices

Seasonality effects

Decrease in import tariffs

Increase in global demand