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Australian Bureau of Statistics

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Added on  2019-12-28

Australian Bureau of Statistics

   Added on 2019-12-28

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AUSTRALIA BUREAU OFSTATISTICS
Australian Bureau of Statistics_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3Question 1........................................................................................................................................3Consumer price index and weekly income rate from 2005 to 2015............................................3Question 2........................................................................................................................................6(a)The price of iron ore, a major export product, increases substantially.................................6(b)A favorable set of weather conditions leads to a substantial rise in Australian agriculturaloutput,..........................................................................................................................................7(c)The government spends significant money in developing a broadband internet networkacross the country........................................................................................................................7(d) The price of oil, a product Australia primarily imports, fall substantially...........................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10Figure 1Weekly earning and inflation rate charting........................................................................3Figure 2Australia GDP....................................................................................................................4Figure 3Australia GDP....................................................................................................................5Figure 4Demand and supply curve on the export of iron ore..........................................................6Figure 5Demand and supply curve on increase in agriculture output.............................................7Figure 6Broadband internet connection...........................................................................................8Figure 7Demand and supply curve on decline in import.................................................................8Table 1Inflation and weekly earning data.......................................................................................3
Australian Bureau of Statistics_2
INTRODUCTIONEconomies is the one of the domain that heavily affect the nation. In the current report,inflation rate and weekly earnings data is analyzed. Reasons behind trends are identified. Insecond part of the report, demand and supply curve are prepared and interpretation are made. Inthis way, conclusion is prepared in the report. Question 1Consumer price index and weekly income rate from 2005 to 2015Table 1Inflation and weekly earning dataYearCPI inflation rateAverage weekly earningsDec-20053%2%Dec-20063%2%Dec-20074%2%Dec-20082%1%Dec-20093%1%Dec-20103%2%Dec-20112%1%Dec-20123%1%Dec-20132%1%Dec-20142%1%Figure 1Weekly earning and inflation rate charting
Australian Bureau of Statistics_3

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