Choices: Future Implications and Underlying Economic Factors (HSC SSCE Economics): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Consumer goods
Consumer goods
Items for immediate satisfaction of needs/wants
Capital goods
Capital goods
Items used to produce other goods
What PPF shows
What PPF shows
Max combinations of consumer & capital goods economy can produce
Long-term effect of capital investment focus
Long-term effect of capital investment focus
Higher economic growth
Graduates earn vs high school only
Graduates earn vs high school only
Around 50% more
Uni grads in full-time work (2018)
Uni grads in full-time work (2018)
72.9%
New jobs needing post-school quals by 2023
New jobs needing post-school quals by 2023
90% (of 886,000 new jobs)
Factors in saving vs spending decision
Factors in saving vs spending decision
Income level, age, asset performance, income expectations
Why govt heavily taxes cigarettes
Why govt heavily taxes cigarettes
To discourage smoking without prohibition
Private health insurance coverage after policies
Private health insurance coverage after policies
45% (up from 30%)