Which of the following statements about the causes of inflation in the price of goods and services based on the material covered in the lecture are TRUE:

1. A Neo-Keynesian economist would argue that a key cause is that aggregate demand (expenditure) for goods and services is growing at a faster rate than the aggregate supply (production) of those goods and services.
2. A Neo-Classical economist would argue that a key cause is that the growth in the money supply (including credit) is growing at a faster rate than the level of production of goods and services.

Which of the following statements is LEAST consistent with the lecture content on ‘GDP per capita’:

Which of the following statements is LEAST consistent with the lecture content on ‘Gross Domestic Product (GDP)’:

Which

of the following statements about ‘The Square Peg’ covered in the lecture are

TRUE:

1. A ‘square peg’ that faces a ‘round hole’ can do nothing, change its shape to be round or change the hole to be square. There is no other alternative.

2. When faced with a situation in which we

   experience poor alignment between ourselves and our environment, we can either

   accept the misalignment, change ourselves to better fit the environment or move

   to a different environment. There is no other alternative.

Which of the following is MOST consistent with the superannuation strategies covered in the lecture:

Which of the following statements about withdrawing funds from super are TRUE:

1. If someone is terminated from employment and their super account balance is only $100, they could withdraw the funds from super and pay no tax on the withdrawal.
2. If someone is unable to pay for medical treatment for a dependent child, they may be able to make withdrawals from their super to help cover the medical costs.

Which of the following statements about drawing an income from super are TRUE:

1. If an individual is over the age of 60 and has permanently retired, their superannuation can normally be rolled over into an annuity that pays a regular tax-free monthly income for the rest of their life, so long as the total amount transferred is below the Transfer Balance Cap.
2. It is possible to transfer some of your super into a transition to retirement (TTR) pension while you are still working after you reach your preservation age. This could allow an individual to start drawing a regular tax-free income from their superannuation while cutting back their work hours a bit.

Which of the following statements is LEAST consistent with the lecture content on Account Based Pensions (ABP):

Which of the following statements about making contributions into super are TRUE:

1. Salary sacrifice contribution are when you ask your employer to pay part of your salary or wage into superannuation instead of paying it to you directly. They are normally subject to a 15% contributions tax and are eligible for the government co-contribution.
2. An individual is aged 50 and they would like to sell an investment property and place some of the proceeds into super. Their super account balance is currently $1 million. They have not made any non-concessional contributions before. The maximum amount that they could contribute this year into super as a non-concessional contribution is $120,000.

Sally would like to salary sacrifice some of her salary into superannuation. Her employer contributions are $20,000 each year. What is the maximum amount of her salary that she can salary sacrifice into superannuation each year at the concessional rate of 15% contributions tax in most circumstances (assuming no carry-forward)?