Between 1970 and 2016 in Australia, the largest budget deficits occurred:
A)during the early to mid-1980s.
B)during the early 1990s.
C)between 2009 and 2011.
D)following the 1974 oil price shock.

Question

Quizplus · Accepted Answer

Between 2009 and 2011, Australia experienced its largest budget deficits, primarily due to the global financial crisis and the government's stimulus measures to support the economy.

Between 1970 and 2016 in Australia, the Largest Budget Deficits