As a proportion of GDP, the Australian economy produced fewer services in the 2000s than it did in the 1950s, which has contributed to an increase in economic stability over time.

Question

Quizplus · Accepted Answer

This statement is false. The Australian economy has shifted towards a service-based economy since the 1950s, and services now make up a larger proportion of GDP. This shift has contributed to economic growth and diversification, but may also introduce new challenges and vulnerabilities.

As a Proportion of GDP, the Australian Economy Produced Fewer