Which of the following is not a reason why the Australian economy has generally been more stable since 1950 than before that time?
A)Goods have become a larger fraction of GDP and services have become a smaller fraction of GDP.
B)The government has actively pursued economic policy to combat recessions and prolong expansions.
C)Unemployment benefits and other government programs curtail the decline in spending that occurs during a recession.
D)Services have become a larger fraction of GDP and goods have become a smaller fraction of GDP.

Question

Quizplus · Accepted Answer

Since 1950, the Australian economy has seen a shift towards services becoming a larger fraction of GDP and goods becoming a smaller fraction, contrary to what option A suggests. This shift towards a service-oriented economy, along with active government economic policies and social safety nets, has contributed to greater economic stability.

Which of the Following Is Not a Reason Why the Australian