Australia's Economy and Statistics

Australia has a prosperous mixed economy, ranking among the top developed countries. It relies on manufacturing, trade, services, and financing. The private sector controls 61.1% of GDP, employing 79.2% of the labor force. Australia is a member of APEC, G20, WTO, and OECD, and has free trade agreements with several countries. The unemployment rate was 10.1% in 2017, with a part-time workforce of 4.24 million. Australia has a strong record of GDP growth and is the 5th freest economy. The rule of law ensures justice and individual rights. GDP per capita is high, with significant foreign investment and public debt. Tax policies include a tax-free threshold and a high marginal rate. M&A activities are robust, contributing to economic stability.

Which of the following is NOT a major component of Australia's economy?

• Financing

• Trade

• Agriculture

• Manufacturing

Which international organization is Australia NOT a member of?

• OECD

• G20

• APEC

• NATO

What was the unemployment rate in Australia as per the August 2017 report?

• 12.3%

• 8.6%

• 10.1%

• 9.4%

What is Australia's rank in the 2018 economic freedom index?

• 3rd

• 7th

• 9th

• 5th

Which principle is NOT part of the rule of law in Australia?

• Justice for all individuals

• Ensuring proper workflow

• Protection of individual rights

• Mandatory military service

What is the estimated GDP per capita on a PPP basis in Australia?

• $46,012

• $52,191

• $58,941

• $60,000

What is the tax-free threshold for resident individuals in Australia?

• $20,000

• $18,200

• $15,000

• $25,000

How many merger and acquisition deals were completed in Australia?

• 40 thousand

• 43 thousand

• 30 thousand

• 35 thousand

Which company acquired Foster's Group Ltd?

• Westfield Group

• SABMiller’s Beverages

• Westpac Banking Corp

• St. George Bank Limited

What is the cumulative value of M&A deals in Australia?

• $1,500 billion

• $2,000 billion

• $2,554 billion

• $3,000 billion