What percentage of Australia's total exports is made up of commodities?

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!

The answer indicating that commodities make up 66% of Australia's total exports reflects the significant role that primary goods play in the Australian economy. Australia is abundantly rich in natural resources, and its exports heavily feature commodities such as minerals (like iron ore and coal), agricultural products, and energy resources. The reliance on these commodities is driven by strong global demand, particularly from countries like China, which seek these materials for their industrial processes.

In recent years, the data consistently show that commodities have dominated Australia's export landscape, firmly establishing them as the backbone of its export market. This high percentage demonstrates the critical importance of these sectors in driving economic growth and supporting trade balance.

While the other choices might seem plausible at first glance, they underrepresent the actual contribution of commodities to the export economy. Australia’s export profile highlights its focus on these vital industries, reinforcing why the percentage attributed to commodities stands at 66%.

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