Australia's net foreign debt as a proportion of GDP has
A) fallen from 50 per cent in the 1970s to less than 20 per cent by 2013.
B) risen from approximately 20 per cent in the 1970s to over 30 per cent by 2013.
C) risen from less than 5 per cent in the 1970s to over 50 per cent by 2013.
D) risen from approximately 30 per cent in the 1970s to approximately 40 per cent by 2013.
Correct Answer:
Verified
Q109: A large federal budget deficit will not
Q116: The idea of 'twin deficits' refers to
Q119: The large current account deficits in Australia
Q124: Which of the following is a true
Q125: Suppose that large budget deficits in Australia
Q130: When can foreign debt become a problem
Q132: In an open economy, contractionary monetary policy
Q138: In an open economy, expansionary monetary policy
Q225: Australia _ concerned with being a net
Q269: How does contractionary monetary policy affect net
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents