Introduction to economics Flashcards
(19 cards)
What is the population and population density of Australia and Indonesia?
population: Australia: 25.5M, Indonesia: 273M.
population density: Australia: 3 people/km², Indonesia: 146 people/km².
What is the GDP per capita (PPP, 2019) of Australia and Indonesia?
Australia: $53,320, Indonesia: $12,300.
What is the political system of Australia and Indonesia?
Australia: Federal parliamentary democracy, constitutional monarchy; Indonesia: Presidential, constitutional democracy.
What is the economic system of Australia and Indonesia?
Both have a mixed market economy.
What was the GDP (PPP, 2018) of Australia and Indonesia?
Australia: $1.3 trillion; Indonesia: $3.1 trillion.
How is GDP distributed by sector in Australia and Indonesia?
Australia: 4% agriculture, 25% industry, 71% services; Indonesia: 14% agriculture, 41% industry, 45% services.
Which country has experienced faster GNI (Gross National Income) growth over the last 20 years?
Indonesia (4-6%) has grown faster than Australia (2-3%).
How do Australia and Indonesia compare in terms of economic advancement?
Australia is more advanced, while Indonesia is rapidly growing as it “catches up.” (emerging economy)
Which country has a better quality of life, and how is it measured?
Australia, measured by HDI, life expectancy, schooling, GDP per capita, homicide rate, internet usage, air pollution mortality, and water sanitation mortality.
which country has a higher employment and which country has lower unemployment?
Indonesia for both
Which country has less income inequality?
Australia
What are the Gini Coefficient scores for Australia and Indonesia?
Australia: 35.8, Indonesia: 38.1
How do Australia and Indonesia rank on the Yale Environmental Performance Index?
Australia: 13th, Indonesia: 116th.
How do Australia and Indonesia rank in air quality?
Australia: 1st, Indonesia: 142nd.
How do Australia and Indonesia rank in water sanitation?
Australia: 25th, Indonesia: 125th.
What is state capacity?
The ability of a government to raise tax revenue and use it to service public needs.
How do Australia and Indonesia differ in government health spending?
7% of GDP, Indonesia: 2.6% of GDP.
What percentage of GDP do Australia and Indonesia spend on education?
5-6%, Indonesia: 4%
Which country spends more on social welfare, and by how much?
Australia: >10% of GDP, Indonesia: 1% of GDP.
