Business Contribution to the Economic and Social Wellbeing of a Nation (VCE SSCE Business Management): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Mixed market economy definition
Mixed market economy definition
Both public & private sector businesses create economic activity
GDP measures
GDP measures
Total value of goods & services produced in a period
Imports definition
Imports definition
Goods & services brought into Australia from other countries
Exports definition
Exports definition
Goods & services sold by Aust. businesses to other countries
GST rate in Australia
GST rate in Australia
10%
Victoria payroll tax threshold
Victoria payroll tax threshold
Annual wages exceeding $700,000
Victoria metro payroll tax rate
Victoria metro payroll tax rate
4.85%
Better Life Index (BLI)
Better Life Index (BLI)
OECD measure of quality of life across multiple dimensions
Australia's BLI civic engagement ranking
Australia's BLI civic engagement ranking
Top/highest ranking
Australian free trade agreement partners (examples)
Australian free trade agreement partners (examples)
China, Japan, Thailand, Malaysia, NZ, South Korea, UK