The Objectives of Economic 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
How is economic growth measured?
How is economic growth measured?
Annual rate of change in real GDP
Which is NOT a benefit of economic growth?
Which is NOT a benefit of economic growth?
Zero unemployment achieved
What does full employment mean?
What does full employment mean?
Operating at the NAIRU
Which type of unemployment is eliminated at full employment?
Which type of unemployment is eliminated at full employment?
Cyclical unemployment
What is Australia's inflation target?
What is Australia's inflation target?
2-3% over the business cycle
High inflation encourages speculation in which type of assets?
High inflation encourages speculation in which type of assets?
Relatively unproductive assets like property
What does the debt-servicing ratio measure?
What does the debt-servicing ratio measure?
% of export revenue spent on interest
What does the current account of the balance of payments show?
What does the current account of the balance of payments show?
Trade & income flows (non-reversible)
Which policy helps create a more equitable distribution of income?
Which policy helps create a more equitable distribution of income?
Progressive taxation
What does ecologically sustainable development involve?
What does ecologically sustainable development involve?
Conserving resources to maintain processes