Economic Performance
Negative economic growth for two consecutive financial quarters.
What is a recession?
Increases or decreases due to material living standards and non-material living standards
What is quality of life?
The decrease of currently is increasing worker productivity.
What is the unemployment rate?
The economic consequences of geopolitical conflicts that occur when nations previously traded with the affiliated countries.
What are increased restrictions?
Someone being available and actively looking for work but does not have a paid job
Showcases growth in the economy via improvements in health, education and general wellbeing.
What is social indicators?
Major Australian supermarket chains have been accused of doing to gain an unprincipled amount of profit.
What is price gouging?
This US presidential candidate plans to impose tariffs onto China, which would negatively affect Australia's economy as they are our largest trading partner.
What is Donald Trump?
A rise in the price of goods and services, and a decrease in the purchasing value of money.
Occurs to businesses when the economic growth rate falls.
What are reductions in revenue?
The decrease in demand of iron ore will lead to a decrease in this subject that brings overseas profit.
What are exports?
Being mismanaged will increase the CPI and make it difficult to purchase everyday items.
What is inflation?
What is current trends?
When more discretionary income is available to this, it returns to higher spending patterns and saving decrease.
What is household spending?
Environmentalists suggest this source of energy should be replaced by renewables by 2035.
What are fossil fuels?
If China's economy successfully expands, this will bring profits to Australia's economy
What are exports?
The event that led the Australian economy into its latest recession in recent times.
What is COVID-19?
Impacted the business sector by providing cheaper foreign alternatives.
What are imports?
China's government has provided this to citizens in an attempt to reach its goal of an annual GDP of 5.0%
What is financial stimulus?
If medical AI is seen as superior to human doctors, what could this cause?
What is structural unemployment?