Comparing Economies (HSC SSCE Economics): Flashcards

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Comparing Economies
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% of Australian exports to China, Japan, ASEAN & S. Korea

Over two-thirds

Four NIEs (Newly Industrialised Economies) in Asia

S. Korea, Singapore, Hong Kong, Taiwan

Avg annual growth: Emerging & Developing Asia (30 years)

7.6%

Australia's GDP per capita

49,961 USD

Australia's HDI world ranking

3rd

Gini Index measures

Income inequality (0-100, lower = more equal)

Number of megadiverse nations globally

17 (Australia is one)

Australia's emissions target by 2030 (% below 2005)

26-28%

Australia's govt spending as % of GDP (2018)

37%

Australia's universal healthcare system name

Medicare

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