Appl Ex 1a

Application Exercise 1a

1.  Excise tax on petrol is halved during 2022 to ease cost of living pressures



2.  Australia’s rate of inflation soars above 5% during 2022



3.  Young investors are demanding crypto currencies in the hope of becoming rich



4.  The war in Ukraine caused oil and gas shortages during 2022



5.  The unemployment rate dropped below 4% during 2022