Wage Outcomes (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What percentage of Australian household incomes do wages and salaries account for?
What percentage of Australian household incomes do wages and salaries account for?
56%
What is the key difference between nominal and real wages?
What is the key difference between nominal and real wages?
Real wages adjust for inflation
What was the average total weekly earnings for all Australian employees in 2019?
What was the average total weekly earnings for all Australian employees in 2019?
1,238 USD
What happens when real wage growth exceeds productivity growth?
What happens when real wage growth exceeds productivity growth?
Real labour costs rise
Which occupational group earned the highest median weekly income in 2018?
Which occupational group earned the highest median weekly income in 2018?
Managers
How many times larger was CEO median pay compared to median wages in 2018?
How many times larger was CEO median pay compared to median wages in 2018?
66 times
Which age group earned the highest median weekly income?
Which age group earned the highest median weekly income?
35-44 years
What proportion of men's earnings did women's average weekly earnings represent in 2019?
What proportion of men's earnings did women's average weekly earnings represent in 2019?
Two-thirds
What percentage of the gender pay gap is caused by sex discrimination?
What percentage of the gender pay gap is caused by sex discrimination?
38%
What percentage of overall population income do Indigenous Australians earn on average?
What percentage of overall population income do Indigenous Australians earn on average?
71%