Economics Similarities & Differences
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Questions and Answers

What was the total expenditure on social welfare in China during 2023?

Four trillion yuan

What percentage of GDP did China spend on welfare in 2018-2019?

10%

How much did Australia spend on welfare in 2022-2023?

$159.1 Billion

What percentage of GDP did Australia spend on welfare in 2021?

<p>9.2%</p> Signup and view all the answers

Where are China's welfare resources heavily concentrated?

<p>Urban areas</p> Signup and view all the answers

What did the government put towards hospitals and healthcare during the COVID-19 pandemic?

<p>$11.9 billion</p> Signup and view all the answers

What type of payments were included in Australia's expenditure during 2022-2023?

<p>Pensions, income support, family assistance, veteran payments</p> Signup and view all the answers

What was the percentage of GDP spent on welfare in China in 2018-2019?

<p>10%</p> Signup and view all the answers

How did Australia's welfare spending in 2021 compare to previous years?

<p>Decrease</p> Signup and view all the answers

What is the role of the government in social welfare in China and Australia?

<p>To provide welfare resources and support</p> Signup and view all the answers

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