The Goals of Government Policy in 2024 (HSC SSCE Economics): Quizzes

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The Goals of Government Policy in 2024
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What level did inflation reach in 2022-23?

6%

What is the Reserve Bank of Australia's target inflation band?

2-3%

When did Australia achieve its first budget surplus in 15 years?

2022-23

What is Australia's emissions reduction target by 2030?

43% reduction

What does net zero emissions mean?

Balancing emissions with removal

What was Australia's unemployment rate in October 2022?

3.4%

What proportion of Australia's workforce is in the services sector?

90%

What is the highest short-term priority for government policy in 2024?

Containing inflation

To what age was Parenting Payment (Single) eligibility extended?

14 years

What does fiscal consolidation refer to?

Measures to reduce budget deficits

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