G-20 Leaders Promise $2T Growth and Jobs Boost

The Australian government celebrated the G20 summit as a success, achieving better-than-expected results with a commitment to boost global growth by 2.1% by 2018. The OECD and IMF will monitor the implementation of 800 initiatives. However, challenges remain, including domestic issues in Australia and Japan. Barack Obama emphasized climate change, which was reluctantly included in the G20 agenda. The summit was peaceful, with minimal disruptions. Additionally, the Australia-China trade deal is set to be signed, removing tariffs on 95% of Australian goods and potentially doubling trade, similar to New Zealand's experience.

What was the main goal of the G20 summit as hailed by the Australian government?

• To increase global growth by 2.1% by 2018

• To reduce global poverty by 5% by 2020

• To eliminate trade barriers among G20 nations

• To establish a new global currency

Which organizations are responsible for monitoring the implementation of the G20 initiatives?

• World Bank and WTO

• NATO and EU

• OECD and IMF

• UN and WHO

What new initiative did the G20 countries announce to support job creation?

• Expanding social security

• Increasing minimum wage

• Reducing taxes

• Building infrastructure

What was the Australian government's initial stance on discussing climate change at the G20?

• They were eager to discuss it

• They were initially reluctant

• They proposed a new climate fund

• They ignored the topic completely

What is the expected impact of the Australia-China trade deal?

• It will impose new tariffs on dairy products

• It will decrease trade between the two countries

• It will double the trade volume

• It will remove tariffs on 95% of Australian goods