Which statement most accurately describes the economic trends facing Australia during the 21st century?

Question

a) Industrial society is expanding and the amount of wealth generated from agriculture is non-existent.
b)Agricultural society is expanding while the amount of wealth generated from Industrialization is shrinking.
c)Industrial society is expanding, but the majority of the wealth is still generated from agriculture and mining.
d)Equal wealth is generated between factory production and agricultural production.

Answer 1

The statement that most accurately describes the economic trends facing Australia during the 21st century is:

c) Industrial society is expanding, but the majority of the wealth is still generated from agriculture and mining.

Australia has experienced significant growth in industrial sectors, particularly in services, technology, and finance. However, the country continues to rely heavily on wealth generated from agriculture and mining, which are key components of its economy, particularly in terms of exports.