economies their differences and similarities - topic one

Question 1

What was Australia’s GDP in 2021?

Answer 1

US$1461.1 billion

GDP is the measure of economic performance.

Question 2

What was Australia’s growth rate in 2021?

Answer 2

2.5%

The growth rate indicates the increase in economic activity.

Question 3

What was the impact of COVID-19 on Australia’s growth rate?

Answer 3

Slowed growth rate to 1.4%

COVID-19 significantly affected economic performance.

Question 4

What was Australia’s growth rate after COVID?

Answer 4

3.9%

This reflects recovery post-pandemic.

Question 5

What was Australia’s HDI in 2021?

Answer 5

0.951

HDI measures the quality of life and development.

Question 6

What was the change in Australia’s HDI from 1990 to 2021?

Answer 6

From 0.865 to 0.951

This shows significant improvement in human development.

Question 7

What is Australia’s life expectancy?

Answer 7

84.5 years

Life expectancy is a key indicator of health.

Question 8

What percentage of the population in Australia has access to clean water?

Answer 8

100%

Full access to clean water is crucial for public health.

Question 9

What was Indonesia’s GDP in 2021?

Answer 9

US$1143.1 billion

GDP reflects the total economic output of the country.

Question 10

What was Indonesia’s growth rate in 2021?

Answer 10

4.9%

This indicates a relatively strong economic performance.

Question 11

What was the impact of COVID-19 on Indonesia’s growth rate?

Answer 11

Slowed growth rate to -1.5%

The pandemic led to economic contraction.

Question 12

What was Indonesia’s growth rate after COVID?

Answer 12

3.7%

This indicates a recovery but still lower than pre-pandemic levels.

Question 13

What was Indonesia’s HDI in 2021?

Answer 13

0.765

This indicates a lower level of human development compared to Australia.

Question 14

What was the change in Indonesia’s HDI from 1990 to 2021?

Answer 14

From 0.525 to 0.765

This shows improvements in living standards.

Question 15

What is Indonesia’s life expectancy?

Answer 15

67.6 years

This is significantly lower than in Australia.

Question 16

What percentage of the population in Indonesia has access to clean water?

Answer 16

91.6%

Access to clean water is essential for health.

Question 17

What was the employment rate in Australia in 2021?

Answer 17

64.5%

This reflects the proportion of the labor force that is employed.

Question 18

What were the male and female employment rates in Australia in 2020?

Answer 18

Males = 55.2%, females = 46.8%

This shows gender disparity in employment.

Question 19

What was the average unemployment rate in Australia from 2020 to 2021?

Answer 19

6.3%

This indicates the percentage of the labor force that is unemployed.

Question 20

What was the total labor force in Australia?

Answer 20

13,560,000

This represents the total number of people available for work.

Question 21

What was the employment rate in Indonesia in 2021?

Answer 21

66.1%

This indicates a slightly higher employment rate compared to Australia.

Question 22

What were the male and female employment rates in Indonesia in 2020?

Answer 22

Males = 66.6%, females = 39%

This reflects a significant gender gap in employment.

Question 23

What was the average unemployment rate in Indonesia from 2020 to 2021?

Answer 23

4.2%

This indicates a lower unemployment rate compared to Australia.

Question 24

What was the total labor force in Indonesia?

Answer 24

136,500,000

This represents the large workforce available in Indonesia.

Question 25

What was Australia's Gini index in 2018?

Answer 25

0.343 ## Footnote The Gini index measures income inequality.

Question 26

What percentage of income did the poorest 10% earn in Australia in 2018?

Answer 26

2.7% ## Footnote This indicates the income share of the lowest earners.

Question 27

What percentage of income did the richest 10% earn in Australia in 2018?

Answer 27

26.6% ## Footnote This shows the concentration of income among the wealthy.

Question 28

What was Australia's Gini index in 2021?

Answer 28

0.373 ## Footnote This indicates an increase in income inequality.

Question 29

What percentage of income did the poorest 10% earn in Australia in 2021?

Answer 29

3% ## Footnote This shows a slight increase in income share for the poorest.

Question 30

What percentage of income did the richest 10% earn in Australia in 2021?

Answer 30

29.65% ## Footnote This reflects a growing income concentration among the wealthy.

Question 31

What characterizes Australia's environmental sustainability?

Answer 31

High level of environmental quality despite being highly urbanised ## Footnote Urbanization can often lead to environmental degradation.

Question 32

What was Australia's freshwater availability per capita in 2017?

Answer 32

19,199 cubic meters ## Footnote This is a measure of water resources per person.

Question 33

What was Indonesia's freshwater availability per capita in 2017?

Answer 33

7,914 cubic meters ## Footnote This indicates a lower water resource availability compared to Australia.

Question 34

What percentage of fossil fuels did Australia use in 2015?

Answer 34

89.6% ## Footnote This reflects reliance on fossil fuels for energy.

Question 35

What percentage of fossil fuels did Indonesia use in 2015?

Answer 35

66.1% ## Footnote Indicates a significant but lower reliance on fossil fuels compared to Australia.

Question 36

What was the role of government consumption in Australia's GDP in 2019?

Answer 36

19% ## Footnote This indicates the portion of GDP spent by the government.

Question 37

What was the tax rate in Australia in 2019?

Answer 37

9.23% ## Footnote This reflects the government's tax revenue as a percentage of GDP.

Question 38

How much did Australia allocate to healthcare in 2019?

Answer 38

AUD$165.7B ## Footnote This is a significant portion of the national budget.

Question 39

What was public expenditure on education in Australia in 2019?

Answer 39

5.3% ## Footnote This indicates the investment in education relative to GDP.

Question 40

What was Australia’s tertiary education rate in 2018?

Answer 40

90.3% ## Footnote Reflects the percentage of the population with tertiary education.

Question 41

What percentage of total expenditure was allocated to social welfare in Australia for 2022-23?

Answer 41

35.3% ## Footnote This indicates the government's commitment to social welfare.

Question 42

How much financial aid did Australia give to Indonesia for health, education, and infrastructure?

Answer 42

$366.4M ## Footnote This reflects international cooperation efforts.

Question 43

What was the role of government consumption in Indonesia's GDP in 2019?

Answer 43

9% ## Footnote This indicates a smaller portion of GDP spent by the government.

Question 44

What was the tax rate in Indonesia in 2019?

Answer 44

9.8% ## Footnote This reflects the government's tax revenue as a percentage of GDP.

Question 45

What percentage of the total budget did Indonesia allocate to healthcare in 2019?

Answer 45

2.9% ## Footnote This indicates lower investment in healthcare compared to Australia.

Question 46

What was public expenditure on education in Indonesia in 2019?

Answer 46

3.6% ## Footnote This shows the investment in education relative to GDP.

Question 47

What was Indonesia's tertiary education rate in 2018?

Answer 47

36.3% ## Footnote Indicates a much lower rate of tertiary education compared to Australia.

Question 48

What percentage of total expenditure was allocated to social welfare in Indonesia for 2022-23?

Answer 48

26.2% ## Footnote This represents the government's commitment to social welfare.

Question 49

What percentage of the population in Indonesia was living on less than USD$3.20?

Answer 49

18% ## Footnote This indicates a significant level of poverty.