3 July 2020 External stability, distrubution of income and other
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
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
44
34
22
Up until 2020, Australia had ___ years of consecutive annual economic growth
29
27
21
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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