Business Contribution to the Economic and Social Wellbeing of a Nation (VCE SSCE Business Management): Quizzes

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Business Contribution to the Economic and Social Wellbeing of a Nation
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What type of economy does Australia operate?

Mixed market economy

What does GDP stand for?

Gross Domestic Product

What is the GST rate in Australia?

10%

At what wages threshold does Victorian payroll tax apply?

$700,000

What are goods brought into Australia from other countries called?

Imports

Which country does NOT have a free trade agreement with Australia?

India

Which company manages the West Gate Tunnel Project?

Transurban

Which sectors are particularly significant for R&D in Australia?

Science, technology, medicine

What does the Better Life Index (BLI) measure?

Quality of life across dimensions

In which BLI dimension does Australia rank at the top?

Civic engagement

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