Covid-19: The Impacts on the Australian Economy (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How many years of continuous economic expansion did COVID-19 end in Australia?
How many years of continuous economic expansion did COVID-19 end in Australia?
28 years
By how much did the share market plunge within one month of the pandemic's onset?
By how much did the share market plunge within one month of the pandemic's onset?
37%
What was the total fiscal response by mid-2021?
What was the total fiscal response by mid-2021?
$291 billion
What was the initial JobKeeper payment per employee per fortnight?
What was the initial JobKeeper payment per employee per fortnight?
$1,500
To what historic low did the RBA reduce the cash rate by November 2020?
To what historic low did the RBA reduce the cash rate by November 2020?
0.1%
By what percentage did GDP fall in the June 2020 quarter?
By what percentage did GDP fall in the June 2020 quarter?
6.7%
When did unemployment peak at 7.5% during the pandemic?
When did unemployment peak at 7.5% during the pandemic?
July 2020
By 2021, unemployment had fallen to what level?
By 2021, unemployment had fallen to what level?
Below 4%
What is the RBA's target band for inflation?
What is the RBA's target band for inflation?
2-3%
What was Australia's budget deficit in 2020-21?
What was Australia's budget deficit in 2020-21?
$132 billion