GLOBAL DOMESTIC PRODUCT
WHICH COUNTRY HAS THE HIGHEST GDP?
UNITED STATES
WHICH COUNTRY HAS THE HIGHEST GROSS NATIONAL INCOME?
UNITED STATES
IS AUSTRALIA AN IMPORT OR EXPORT NATION?
EXPORT NATION
WHAT IS THE NAME OF THE CURVE WHICH MEASURES INCOME INEQUALITY?
LORENZ CURVE
WHAT IS MR CAVALLARO'S FAVOURITE COLOUR
BLUE
WHAT DOES TOO HIGH GDP LEAD TO?
INFLATIONARY PRESSURES/INFLATION IN GOODS AND SERVICES
HOW CAN GNI BE MISLEADING?
WHEN LOOKING AT COUNTRIES WITH VASTLY DIFFERENT POPULATIONS
WHO IS AUSTRALIA'S LARGEST IMPORTER?
CHINA
WHICH COUNTRY HAS THE GREATEST INCOME INEQUALITY?
SOUTH AFRICA
HOW OLD IS MR CAVALLARO'S YOUNGEST SISTER?
18
WHAT WAS AUSTRALIA'S GDP AT THE END OF 2022
$1.325 TRILLION
WHY IS GNI IMPORTANT?
GNI is crucial as it measures a country's economic performance and wealth.
WHO DOES AUSTRALIA EXPORT TO THE MOST?
CHINA
WHAT IS THE MAIN CAUSE OF INCOME INEQUALITY IN THE 21ST CENTURY?
INFLATION
DOES MR CAVALLARO PREFER LONG WALKS ON THE BEACH OR A PICNIC IN THE PARK?
LONG WALKS ON THE BEACH
WHAT IS THE DIFFERENCE BETWEEN REAL GDP AND NOMINAL GDP?
Nominal GDP measures output using current prices, while real GDP measures output using constant prices.
1934
WHAT IS AUSTRALIA'S GREATEST IMPORT?
PETROLEUM AND PROCESSED GAS
WHICH COUNTRY HAS THE LOWEST INCOME INEQUALITY?
SLOVAKIA
WHEN IS MR CAVALLARO'S BRITHDAY?
25TH OF AUGUST
WHO HAS THE HIGHEST GDP PER CAPITA?
LUXEMBOURG
HOW IS GNI CALCULATED?
Gross national income = gross domestic product plus primary income from the rest of the world minus primary income to the rest of the world.
WHAT ARE AUSTRALIAS TOP 4 EXPORTS?
COAL, PETROLEUM, IRON-ORE AND LEAD
FILL IN THE BLANKS
INCOME INEQUALITY CONTRIBUTES TO THE DEATH OF ---- PERSON/S EVERY ---- SECONDS
1 PERSON EVERY 4 SECONDS
YES