Graph 9  Household Income and Business Profits Nominal, quarterly $  $ Household gross disposable income (LHS)  325  125  300  100 Gross operating surplus (RHS)  275  2017  2018  2019  2020  2021  75  Source: ABS  And again, policy support clearly affects people's responses.
Whether it's the consumer spending response to higher incomes, the response of residential construction activity to the HomeBuilder program and state-based measures, or the response of machinery & equipment investment to various tax incentives, policy support has worked. Monetary policy support has played a role in supporting the economy, too.