Australia's Net Foreign Liabilities Are Likely to Become a Problem

question 62

Multiple Choice

Australia's net foreign liabilities are likely to become a problem if:

• A)they rise above 75 per cent of GDP.
• B)they rise above 100 per cent of GDP.
• C)our net foreign income share of GDP rises sharply.
• D)they stay for a long period at the current level.
• E)domestic savings rise sharply.

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Definitions:

Adapt

The process of changing or adjusting to fit new conditions or environments.

Functionalists

Scholars or theorists who focus on the purpose or role that an element of society or a psychological phenomenon serves.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of a linear relationship between them.

Variables

Elements, features, or factors that are likely to vary or change and can be manipulated, measured, or controlled in scientific research.