Da Unit 4 Bug

Question 1

2 Strengths + Weaknesses of BP

Answer 1

S = Target specific areas of the economy, quick to take effect. 
W = Subject to political bias takes to time to implement.

Question 2

Discretionary Stabilisers - Full Employment

Answer 2

JobKeeper was implemented on the 30th of March. Totaling a $130 billion expense. Involved a $1500 fortnightly payment to give to businesses to pass on to employees.

Childcare Subsidy. Committed further 1.7 billion. $175K to $254K receive 50% back for 1st child, then 80% for each subsequent child.

Question 3

Discretionary Stabilisers - SSEG

Answer 3

LMITO resulted in low - middle-income earners receiving $1080 when they submit their taxes ($2060 for couples). Cost 7.8 billion dollars.

Question 4

Discretionary Stabilisers - Price Stability

Answer 4

Extending temporary asset write-off. Any business with a turnover of less than $5 billion can write off any assets purchased. Expected to cost $20.7 billion.

Question 5

Finance Budget Deficit

Answer 5

Selling bonds to Australian/Foreign Investors OR to the RBA.

Question 6

Distinguish Capital & Current Expenditure

Answer 6

Capital - Money spent on equipment for the provision of public, social and economic infrastructure.
Current - Expenditure on g/s used to help the communities wants and needs.