Current and Recent Fiscal Policy (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
What is the typical role of fiscal policy in managing the economy?
What is the typical role of fiscal policy in managing the economy?
Supporting role to monetary policy
What did Australia briefly achieve in the mid-2000s regarding net debt?
What did Australia briefly achieve in the mid-2000s regarding net debt?
Negative net debt (net assets)
What percentage of GDP did the Coalition Government commit to keeping tax receipts below?
What percentage of GDP did the Coalition Government commit to keeping tax receipts below?
23.9%
What was the budget deficit as a percentage of GDP in 2020-21?
What was the budget deficit as a percentage of GDP in 2020-21?
6.5%
At its peak, approximately what proportion of the workforce did JobKeeper Payment support?
At its peak, approximately what proportion of the workforce did JobKeeper Payment support?
One-third
What are the 'three Ps' that Australia's economy is reliant on for future growth?
What are the 'three Ps' that Australia's economy is reliant on for future growth?
Productivity, participation, population
What is the projected labour force participation rate by 2062-63?
What is the projected labour force participation rate by 2062-63?
63.8%
According to the 2023 IGR, until when is the budget projected to remain in deficit?
According to the 2023 IGR, until when is the budget projected to remain in deficit?
2062-63
By how much per fortnight did the Coronavirus Supplement temporarily increase unemployment benefits?
By how much per fortnight did the Coronavirus Supplement temporarily increase unemployment benefits?
550
How much budget deterioration did Treasury estimate cyclical factors caused in 2019-20 and 2020-21?
How much budget deterioration did Treasury estimate cyclical factors caused in 2019-20 and 2020-21?
105 billion