Australia's net foreign debt as a proportion of GDP has:
A)fallen from 60% in the 1970s to less than 20% by 2016.
B)risen from approximately 20% in the 1970s to over 30% by 2016.
C)risen from less than 5% in the 1970s to over 60% by 2016.
D)risen from approximately 30% in the 1970s to approximately 80% by 2016.

Question

Quizplus · Accepted Answer

Australia's net foreign debt has significantly increased from less than 5% of GDP in the 1970s to over 60% by 2016, reflecting the country's growing financial integration with the rest of the world and its reliance on foreign capital for investment.

Australia's Net Foreign Debt as a Proportion of GDP Has