Government Policies and Inequality (HSC SSCE Economics): Quizzes
📚Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the leading cause of low incomes and poverty in Australia?
What is the leading cause of low incomes and poverty in Australia?
Unemployment
What was a main aim of the JobKeeper package introduced during the COVID-19 recession?
What was a main aim of the JobKeeper package introduced during the COVID-19 recession?
Maintain employer-employee links
What does underemployment refer to?
What does underemployment refer to?
Workers wanting more hours
By what percentage did the national minimum wage increase in June 2023?
By what percentage did the national minimum wage increase in June 2023?
8.65%
How much did the 2023-24 Budget allocate for social security and welfare?
How much did the 2023-24 Budget allocate for social security and welfare?
$250 billion
After govt intervention, highest quintile income is approx. how many times the lowest?
After govt intervention, highest quintile income is approx. how many times the lowest?
5 times
What is the current minimum compulsory superannuation contribution rate?
What is the current minimum compulsory superannuation contribution rate?
11%
What % of investment properties are owned by the top 20% of wealth holders?
What % of investment properties are owned by the top 20% of wealth holders?
80%
What target does the Fair Work Commission aim for regarding minimum wages?
What target does the Fair Work Commission aim for regarding minimum wages?
55% of median earnings
How do interest rate increases affect households with large mortgages?
How do interest rate increases affect households with large mortgages?
Lower disposable income