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Stella [2.4K]
4 years ago
11

Australia's economy has seen constant growth over the past 20 years, and it came through the worldwide economic recession almost

untouched. Their top individual tax rate is 45%, which the top corporate tax rate is 30%. Government spending accounts for roughly 35% of the total GDP. Australia has deregulated many of its markets and reduced trade barriers since the 1980s. While the government does have some regulatory control over business, starting a company requires little in the way of "red tape." - taken from "Australia: 2014 Index of Economic Freedom" by The Heritage Foundation.
Social Studies
1 answer:
Elden [556K]4 years ago
7 0

Answer:

Has a mixed economy

Explanation:

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