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) 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?

Figure 13.1 GDP can be measured by total wages, interest, rent and profits received by households. Households domestic households on foreign Aes ods and services (imports Expenditures by do Taxes Payments of wages, interest Expenditures on goods and services and transfer Payments of wages, interest, rent and payments Rest of the world Government Borrowing profits Financial system Taxes Expenditures Expenditures by fore domestically produced good on goods and services Borrowing oreign households on goods and services (exports) Firms GDP can be measured by total expenditures on goods and services by households, firms, government and the rest of the world