The Public Sector (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
Which of these is part of the public sector?
Which of these is part of the public sector?
Government Business Enterprises
What percentage of GDP did public sector outlays represent in 1949-50?
What percentage of GDP did public sector outlays represent in 1949-50?
19.9%
When did public sector outlays reach their highest point at 42.6% of GDP?
When did public sector outlays reach their highest point at 42.6% of GDP?
2009-10
What was the peak percentage of public sector employment in 1985?
What was the peak percentage of public sector employment in 1985?
25.5%
Which policy reduced public sector employment from the 1980s onwards?
Which policy reduced public sector employment from the 1980s onwards?
Privatisation of government businesses
What proportion of Commonwealth spending are transfer payments?
What proportion of Commonwealth spending are transfer payments?
Approximately one-third
Which economic theory influenced public sector expansion after World War II?
Which economic theory influenced public sector expansion after World War II?
Keynesian economics
What is means testing in social security?
What is means testing in social security?
Restricting benefits to lower incomes
How does Australia's public sector compare to European economies?
How does Australia's public sector compare to European economies?
Relatively small
What major factor drives future pressure for increased public sector spending?
What major factor drives future pressure for increased public sector spending?
An ageing population