Government & Courts
This branch interprets laws and includes the High Court.
What is the Judicial branch/courts?
This money collected by the government helps pay for services.
What is tax?
This term describes the quality of life people experience
What are living standards?
This country is highlighted as a major trade partner.
What is China?
These two groups make up Australia’s Parliament.
What are the House of Representatives and the Senate?
This government healthcare system is partly funded through taxes.
What is Medicare?
Rising prices for essentials like food and housing create this pressure
What is cost of living pressure?
This organisation connects countries in Southeast Asia. (Abbreveation)
What is ASEAN?
This is the highest court in Australia.
What is the High Court?
This type of tax is taken from people’s wages or salary.
What is income tax?
Governments introduce these to help reduce cost-of-living pressures
What are economic measures/policies?
These agreements help countries cooperate on military and security matters.
What are defence agreements/SEATO agreements?
Government branches help make these, which affect taxes and funding.
What are economic decisions?
Super is money saved for this stage of life.
What is retirement?
Economic decisions about funding and taxes can improve or worsen these.
What are living standards?
International relationships and trade are considered this type of influence on economic decisions.
What is an external factor?
The High Court can influence this area through major rulings.
What are economic decisions/government policies?
Funding decisions can directly affect this issue faced by households today.
What is the cost of living?
The final goal shown in the diagram is this type of economy.
What is an ideal circular economy?
Trade relationships can influence Australia’s economy and these overall conditions for citizens.
What are living standards?
These three major areas all connect to influence Australia’s economy and living standards.
What are government decisions, taxes/funding, and international trade?