Evaluating Labour Market Outcomes in Australia (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 type of wage system does Australia operate?
What type of wage system does Australia operate?
Hybrid market & non-market system
If nominal wages rise 3% and inflation is 5%, what is the real wage change?
If nominal wages rise 3% and inflation is 5%, what is the real wage change?
What was Australia's average annual productivity growth in the 1990s?
What was Australia's average annual productivity growth in the 1990s?
per year
What was Australia's unemployment rank among 38 OECD economies in mid-2023?
What was Australia's unemployment rank among 38 OECD economies in mid-2023?
12th lowest
How do Australia's minimum wage levels compare internationally in the OECD?
How do Australia's minimum wage levels compare internationally in the OECD?
The highest
In 2022-23, wages grew 3.7% and inflation was 7.8%. What was the real wage change?
In 2022-23, wages grew 3.7% and inflation was 7.8%. What was the real wage change?
What was the average national pay increase between 2015 and 2020?
What was the average national pay increase between 2015 and 2020?
Just
How much did average CEO income grow in 2022-23 compared to average workers?
How much did average CEO income grow in 2022-23 compared to average workers?
More than four times as fast
What percentage of total business costs does labour represent?
What percentage of total business costs does labour represent?
Around
What unemployment milestone did Australia achieve during COVID-19?
What unemployment milestone did Australia achieve during COVID-19?
Below since 1970s