Implications of a Reduction in Protection Levels (HSC SSCE Economics): Flashcards
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Year car manufacturing ended in Australia
Year car manufacturing ended in Australia
2017
Structural unemployment definition
Structural unemployment definition
Workers' skills don't match available job vacancies
Minerals/metals % of exports 2022-23
Minerals/metals % of exports 2022-23
64%
Total exports growth (1989-90 to 2022-23)
Total exports growth (1989-90 to 2022-23)
USD 61 billion to USD 694 billion
Regions most affected by manufacturing job losses
Regions most affected by manufacturing job losses
Victoria and South Australia
Tariff revenue as % of total govt revenue (2023-24)
Tariff revenue as % of total govt revenue (2023-24)
0.3%
National price level reduction from trade lib. (2016)
National price level reduction from trade lib. (2016)
3.4% lower
Clothing tariff rate after 2015 reduction
Clothing tariff rate after 2015 reduction
5%
% of Australia's imports from vulnerable supply chains
% of Australia's imports from vulnerable supply chains
Around 5%
Growth Fund amount for automotive industry transition
Growth Fund amount for automotive industry transition
USD 155 million