Australia Exports Large Quantities of Exports to China

question 42

Multiple Choice

Australia exports large quantities of exports to China. If GDP in China falls, we would expect:

• A) there is no connection between GDP in Australia and China
• B) GDP in Australia will rise
• C) GDP in Australia will also fall
• D) GDP in Australia might rise or fall

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Definitions:

Desirable Location

A geographic area considered attractive for living or business activities due to various factors such as accessibility, environment, or economic opportunities.

Unstable Work Opportunities

Employment situations that are irregular, unpredictable, and precarious, often without long-term security or benefits.

Hourly Wages

The rate of pay employees receive for one hour of work.

Market Equilibrium

A state in a market where supply equals demand, resulting in stable prices and no tendency for change until external factors impose it.