Policies to Reduce Unemployment (HSC SSCE Economics): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Lasting unemployment reduction requires
Lasting unemployment reduction requires
Sustained economic growth
Two main unemployment types govts address
Two main unemployment types govts address
Structural and cyclical
Employment is ____ demand of production
Employment is ____ demand of production
Derived demand
Australia's target economic growth rate
Australia's target economic growth rate
3% or more per year
Australia's recession-free years (ended 2020)
Australia's recession-free years (ended 2020)
28 consecutive years
JobKeeper program total cost
JobKeeper program total cost
90 billion AUD
JobKeeper recipients
JobKeeper recipients
3.5 million workers
Fee-free TAFE places (Jobs & Skills Summit)
Fee-free TAFE places (Jobs & Skills Summit)
465,000 places
Points Based Activation System monthly minimum
Points Based Activation System monthly minimum
100 points
2023-24 childcare subsidy budget
2023-24 childcare subsidy budget
12.7 billion AUD