The Objectives of Economic Policy (HSC SSCE Economics): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Australia's inflation rate in 2022-23
Australia's inflation rate in 2022-23
6%
RBA's target inflation band
RBA's target inflation band
2-3%
Year of Australia's first budget surplus in 15 years
Year of Australia's first budget surplus in 15 years
2022-23
Emissions reduction target by 2030
Emissions reduction target by 2030
43% reduction compared to 2005 levels
Target year for net zero emissions
Target year for net zero emissions
2050
Unemployment rate in October 2022
Unemployment rate in October 2022
3.4% (lowest in almost 50 years)
Fiscal consolidation definition
Fiscal consolidation definition
Policy measures to reduce budget deficits
Net zero emissions meaning
Net zero emissions meaning
Balancing greenhouse gases produced with amount removed
Services sector % of Australian economy
Services sector % of Australian economy
80% of economy, 90% of workforce
Highest short-term policy priority in 2024
Highest short-term policy priority in 2024
Containing inflation