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3 July 2020 External stability, distrubution of income and other

A detailed infographic showing Australia's economy, wealth distribution, and external stability with charts, graphs, and images of Australian landmarks.

Test Your Knowledge on Australia's Wealth and Economy

Challenge yourself with this comprehensive quiz on Australia's wealth distribution, external stability, and economic indicators. Discover how well you understand the factors influencing the country's economy!

Key topics include income and wealth distribution
Questions on the current state of Australia's economy
Test your grasp on essential economic concepts

13 Questions3 MinutesCreated by AnalyzingEconomics12

What is Australia's largest source of wealth

Owner occupied property

Superannuation

Vehicles

What percentage of Australian income comes from Wages and Salary

46%

56%

66%

Which of the following has reduced wealth inequality in Australian since the 2000's

Compulsory superannuation

Home ownership

Bank deposits

What is the most likely outcome for Australian wealth inequality in 2020

Increasing inequality

Reduced inequality

Which of the following correctly distinguishes between the distribution of income and the distribution of wealth?

The distribution of wealth is more equal than the distribution of income

The distribution of income is more equal than the distribution of wealth

The distribution of income is the same as the distribution of wealth

Which of the following would most likely reduces a country's income Gini coefficient?

An increase in child care subisdies

Higher nominal wages but lower real wages

A decrease in the tax free threshold

The debt servicing ratio refers to the proportion of ________ __________ that must be spent on interest payments on foreign debt

Import expenditure

Export revenue

Equity returns

Which of the following is the better measure of external stability

Foreign liabilities

Current account deficit

Foreign debt as a % of GDP

Up until June 2019 Australia ran consecutive quarterly CAD for the past _____ years

Up until 2020, Australia had ___ years of consecutive annual economic growth

Which of the following is not an explanation for Australia's CAD

Trade deficit

Savings-investment gap

Floating exchange rate

Australia's net foreign debt is closest to in $Au

1.1 trillion

2.2 trillion

700 billion

In 2020 Australia's net foreign equity is

Negative

Positive

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