f) True or false? \"Australia\'s net debt to the rest of the world is another na

Question

f) True or false? "Australia's net debt to the rest of the world is another name for 'the national debt'." Explain your answer.                                                (1 mark)

g) Australia's net income position has been in deficit for many years. Identify the main reason for this.                                                                                               (1 mark)

h) If Australia's current account balance is in a deficit of 3% of GDP, and Australia's private sector is accumulating net financial assets worth 1% of GDP, what is the government's fiscal balance? Explain your answer.       (1 mark)

Explanation / Answer

F.) False

It is only external debt, nayounat debt has two components , internal & external debt( total borrowing from rest of the world)

G.) Due to increase in level of net foreign liabilities being financed

H.) Fiscal balance is -2% of GDP

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