As of 2015-16, what percentage of GDP represented net foreign liabilities in Australia?

Prepare for the HSC Economics Exam with comprehensive study materials, including flashcards and multiple choice questions. Each question offers hints and detailed explanations to boost your confidence and help you ace your exam!

In 2015-16, net foreign liabilities in Australia represented 62.8% of the country's GDP. This metric reflects the total amount that Australia owes to foreign entities minus the total amount that foreign entities owe to Australia. A high percentage indicates a significant degree of foreign debt compared to the total economic output (GDP). The figure of 62.8% illustrates the extent of foreign investment in Australia and highlights the importance of monitoring foreign liabilities in understanding the country's economic health.

The other options do not accurately reflect the net foreign liabilities figure for that time period, making 62.8% the correct representation.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy