List of Australian businesspeople
The economy of Australia is one of the most developed, modern market economies in the world and the most productive in South Pacific, with a GDP of approximately US$1.6 trillion. Australia's total wealth is 6.4 trillion dollars. In 2011, it was the 13th largest national economy by nominal GDP. Businesspersons involved in different activities, whether commercial or industrial, for the purpose of generating revenue from a combination of human, financial, and physical capital are listed here.
National fiscal policy response to the Great Recession
In October 2008, the Rudd government implemented a A$10 billion stimulus package with the support of the Senate crossbench. The package included:In February 2009, the Rudd government implemented a A$42 billion stimulus package again with the support of the Senate crossbench. The package included:Australia avoided recession and its growth figures were internationally very high, whilst unemployment remained comparatively low, despite net public sector debt remaining substantially low. It has been disputed as to whether fiscal policy actually helped Australia avoid recession however, with sources citing high NGDP growth, healthy trading partners, a responsible banking industry, no housing collapse, a booming population, and the Australian mining boom.