Briefly discuss the dynamics of the coronavirus cases in Australia and public health measures taken by the Australian government to control the spread of the virus to date. Use a Circular-Flow diagram (Figure 13.1 from Chapter 13) to discuss how government's quarantine and social distancing policies affect each of the flows depicted in that diagram. What do you think is going to be their impact on the Australian economy?

Households nestic households on foreign d services (imports) ing goods and s Expenditures by domes Taxes Payments of wages, interest payments Rest of the world Expenditures on goods and services and transfer Payments of wages, interest, rent and TIGovernment H Borrowing profits Financial system Taxes Expenditures on goods and Expenditures by foreign ho domestically produced goods and services Borrowing gn households on and services (exports Firms