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Unit 3/4 - Economics > Contemporary Factors - Budget and Goals > Flashcards

Contemporary Factors - Budget and Goals Flashcards

1
Q

Budget Outcome

A

Budget Deficit

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2
Q

Goal of Strong and Sustainable Economic Growth - Statistics

A
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3
Q

Goal of Strong and Sustainable Economic Growth - Graph

A
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4
Q

Goal of Full Employment

A

Unemployment = 3.5%
Underemployment = 5.9%
Labour Force Under-utilisation rate = 9.4%
Labour Force Participation Rate = 66.6%

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5
Q

Goal of Low Inflation

A

Year ending Jun 2022 = 6.1%
Note, new monthly figure is 6.8% for year ending August 2022

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Unit 3/4 - Economics (10 decks)

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