A Decrease in Real GDP Would Affect the Australian Economy

question 3

Multiple Choice

A decrease in real GDP would affect the Australian economy by:

• A) cutting tax revenues and raising government expenditures.
• B) cutting government expenditures and raising tax revenues.
• C) raising both tax revenues and government expenditures.
• D) cutting both government expenditures and tax revenues.

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Definitions:

Radioactive Wastes

Hazardous waste materials that are radioactive and require special disposal methods to protect living beings and the environment.

Groundwater Pollution

The contamination of underground water sources, typically caused by human activities, leading to water that is unsafe for consumption and ecosystems.

Water Quality

The chemical, physical, and biological characteristics of water, usually in respect to its suitability for a particular purpose.

Coastline

The outline or boundary that separates land from the ocean or sea, often characterized by its unique geographic features and ecosystems.