Question

HELp!!!!!

Answer 1

Explain the macroeconomics conditions that could have led to the Australian Commonwealth government budget outcome in 2006-07.

IN 2006-07 :-
Revenue ( % of GDP) = 24.36
Expenditure ( % of GDP) = 21.48

Answer 2

@AnImEfReaK

Answer 3

The government was running a budget deficit surplus. So aggregate demand must have been outstripping supply in economy in the form of increased spending by consumers for goods and services domestically and overseas. This came about due to further growth in emerging countries like India, China and so on for a bit of Australians large sized natural resource base, contributing to people earning more wages. And as a consequence the government must tax Australians employed in the booming sectors of the economy being pushed up to the higher income brackets, and the collected revenue can be spreaded across the economy as wellfare and transfer payments to the unemployed and pensioners.

Answer 4

I hope the helped you :)

Answer 5

budget surplus*** only

Answer 6

Cheerz! :)