The income of the top 25 per cent of Australians increased more rapidly than for the remaining 75 per cent. But it was for those at the top that the income growth was strongest. For example, after taking out the effect of inflation, the after-tax incomes of those in the top 5 per cent increased by $172 a week between 1990 and 2000. The incomes of middle and poor Australians increased by just less than $40 a week during this period. Wealth in Australia: Wealth is very unequally shared in Australia.
Consequently, the economic interdependence for food would be reliant on governments globally. So, the opportunity cost of increasing Australia’s population is the food production on the land which is now being used for more houses to be built. In this case, the opportunity cost has not been considered properly; with minimal food
Unfortunately, this disproportion has grown even bigger since the 1980s. During the 1980s, the richest ten percent controlled over 45% of the nation’s wealth. During the 1990s, that number increased to over 50%. The high levels of income inequality found in Brazilian statistics are due more to the existence of an extended upper middle class in the urban areas, benefiting from the large wage differentials that exist between the more and the less educated, than to the contrasts between the few very rich and the millions of poor, portrayed sometimes in the mass media (Schwartzman, 2000, p. 30). Because of the large inequality between people in society, this indicates a high power distance.
On-time performance has improved dramatically — almost to the point where delivery by train is almost as reliable as by truck. Rising fuel prices are a help, too. Freight rail more energy efficient than trucks over long distances — trains can move one ton of freight about 500 miles on a gallon of fuel, making them three to four times as energy efficient as trucks. The U.S. freight rail system is even becoming a source of national
Sydney, Australia’s most populated capital city will also surge upwards to 7 million residents (ABS, 2008). According to ABS Social trends, Queensland is projected to surpass Victoria as the second most inhabited state by 2050 (ABS, 2008). This Data envisages that Queensland’s population is to double to 8.7 million (a quarter of the country’s population) compared to the 8.6 million of the population which is projected to live in Victoria (24% of all residents). Western Australia is also forecast to increase with the states population growing from 10% in 2007 to 12% of the population during 2056. The rapid population growth in Queensland and Western Australia reflects the relatively high rates of migration to these states.
By 2015–16 the annual aid figure is estimated to reach around $8–9 billion (0.5 per cent of Gross National Income). Where we give aid Australia's aid program focuses on the Asia Pacific region. We are internationally recognised for our leading role in the region, particularly in PNG and the Pacific. Our aid is even more important given two-thirds of the world’s poor—some 800 million people—live in the Asia Pacific, yet they receive less than one third of global aid. Australia also provides assistance to Africa, the Middle East, Latin America and the Caribbean.
From this we know that a) Firm A has a higher profit margin than firm B b) Firm B has a higher profit margin than firm A c) Firm A and B have the same profit margin d) Firm A has a higher equity multiplier than firm B 16. If you deposit $15,000 per year for 9 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 8%, what will your account be worth at the end of 9 years? 17. You plan to accumulate $450,000 over a period of 12 years by making equal annual deposits in an account that pays an annual interest rate of 9% (assume all payments will occur at the beginning of each year). What amount must you deposit each year to reach your
Chapter 4 4.1 Australia’s place in the global economy * Ranks 13th in the world – advanced economy * In 2011 australia had the 2nd highest hdi level in the world * To really understand the impacts of change in the global economy on an individual economy, we must understand the linkages between the individual economy and the global economy. 4.2 * Trade has always represented a high proportion of Australia’s economic activity – always been overseas markets for Australia’s primary commodities, minerals and agricultural products. * Since 2007 China has been Australia’s largest trading partner. As well as ASEAN. * Primary industries are the main focus of Australian exports as Australia has a comparative advantage
Factories became automated. Machines and other improved manufacturing techniques meant that huge amounts of goods could be made at a fraction of the cost. The age of mass production had arrived. In the decade of the 1920s economic output increased by a staggering 50%. Communications revolution – number of telephone doubled/ number of radios increased from 60,000 to 10 million.
Breakfast cereal sales in Australia were described to as “stagnent”, having been a 39 per cent increase in volume sales for hot cereals and 27 per cent growth for muesli in the past six years, Looking beyond breakfast cereals, consumers are now opting for energy and nutrition bars, which recorded a 104 per cent volume growth in the past six years. (As cited by Tom Decent,2015) Australian made all the