GLOBAL ECONOMY 9 9 Running Head: Global Economy Name of the Student Name of the University
Added on 2020-05-28
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Economics
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Running Head: GLOBAL ECONOMY
Global Economy
Name of the Student
Name of the University
Author note
Global Economy
Name of the Student
Name of the University
Author note
GLOBAL ECONOMY1
Table of Contents
Part A.........................................................................................................................................2
Answer 1................................................................................................................................2
Answer 2................................................................................................................................3
Australia.............................................................................................................................3
New Zealand......................................................................................................................7
India..................................................................................................................................11
Germany...........................................................................................................................15
Answer 3..............................................................................................................................20
Consumer Price Inflation.....................................................................................................20
Unemployment rate for population aged 15 and over..........................................................21
Part B........................................................................................................................................23
Part C........................................................................................................................................26
Introduction..............................................................................................................................26
Desired Job Role......................................................................................................................26
Why Policy Analyst?................................................................................................................27
Video Interpretation.................................................................................................................28
Action Plan...........................................................................................................................28
References................................................................................................................................30
Table of Contents
Part A.........................................................................................................................................2
Answer 1................................................................................................................................2
Answer 2................................................................................................................................3
Australia.............................................................................................................................3
New Zealand......................................................................................................................7
India..................................................................................................................................11
Germany...........................................................................................................................15
Answer 3..............................................................................................................................20
Consumer Price Inflation.....................................................................................................20
Unemployment rate for population aged 15 and over..........................................................21
Part B........................................................................................................................................23
Part C........................................................................................................................................26
Introduction..............................................................................................................................26
Desired Job Role......................................................................................................................26
Why Policy Analyst?................................................................................................................27
Video Interpretation.................................................................................................................28
Action Plan...........................................................................................................................28
References................................................................................................................................30
GLOBAL ECONOMY2
GLOBAL ECONOMY3
Part A
Answer 1
Table 1
6th, 7th, 8th,9th and 10th position in bilateral trade with
Australia in 2014
Rank Country Trade volume (A$ million)
6th New Zealand 23,484
7th Singapore 29,580
8th Thailand 18,986
9th India 15,763
10th Germany 17,504
(Source: dfat.gov.au 2016)
Table 2
Rank of the previous countries in Australia's top export in 2015
Country Position Export Volume (A$ Million)
New Zealand 7th 12,498
Singapore 9th 11,012
Thailand 14th 5,307
India 6th 13,395
Germany 15th 3,127
Table 3
Top ten exports from Australia in 2016
Ran
k
Commodity Values of
export(A$ million)
Percentage
share
1 Iron ores & concentrates 53,757 16.3
2 Coal 37,999 12.8
3 Education-related travel services 21,966 6.6
4 Gold 18,857 5.7
5 Natural gas 17,912 5.4
6 Personal travel (excl education)
services
17,412 5.3
7 Beef, f.c.f. 7,401 2.2
8 Aluminium ores & conc (incl
alumina)
6,460 2
9 Wheat 4,853 1.5
Part A
Answer 1
Table 1
6th, 7th, 8th,9th and 10th position in bilateral trade with
Australia in 2014
Rank Country Trade volume (A$ million)
6th New Zealand 23,484
7th Singapore 29,580
8th Thailand 18,986
9th India 15,763
10th Germany 17,504
(Source: dfat.gov.au 2016)
Table 2
Rank of the previous countries in Australia's top export in 2015
Country Position Export Volume (A$ Million)
New Zealand 7th 12,498
Singapore 9th 11,012
Thailand 14th 5,307
India 6th 13,395
Germany 15th 3,127
Table 3
Top ten exports from Australia in 2016
Ran
k
Commodity Values of
export(A$ million)
Percentage
share
1 Iron ores & concentrates 53,757 16.3
2 Coal 37,999 12.8
3 Education-related travel services 21,966 6.6
4 Gold 18,857 5.7
5 Natural gas 17,912 5.4
6 Personal travel (excl education)
services
17,412 5.3
7 Beef, f.c.f. 7,401 2.2
8 Aluminium ores & conc (incl
alumina)
6,460 2
9 Wheat 4,853 1.5
GLOBAL ECONOMY4
10 Professional services 4,779 1.4
Answer 2
Australia
i) GDP (2010 U.S. Dollars, Annual, Not Seasonally Adjusted)
Table 4
observation_date
Constant GDP per capita
for Australia, 2010 U.S.
Dollars, Annual, Not
Seasonally Adjusted
1/01/2000 44223.59124
1/01/2001 44473.40861
1/01/2002 45626.62203
1/01/2003 46449.84519
1/01/2004 47817.89923
1/01/2005 48702.73469
1/01/2006 49418.68632
1/01/2007 50952.46704
1/01/2008 51788.44015
1/01/2009 51651.22326
1/01/2010 51874.08048
1/01/2011 52372.15454
1/01/2012 53348.38897
1/01/2013 53798.35851
1/01/2014 54394.33427
(Source: fred.stlouisfed.org 2018)
1/1/2000
1/1/2001
1/1/2002
1/1/2003
1/1/2004
1/1/2005
1/1/2006
1/1/2007
1/1/2008
1/1/2009
1/1/2010
1/1/2011
1/1/2012
1/1/2013
1/1/2014
0
10000
20000
30000
40000
50000
60000
GDP for Australia
Observation date
GDP
Figure 1
10 Professional services 4,779 1.4
Answer 2
Australia
i) GDP (2010 U.S. Dollars, Annual, Not Seasonally Adjusted)
Table 4
observation_date
Constant GDP per capita
for Australia, 2010 U.S.
Dollars, Annual, Not
Seasonally Adjusted
1/01/2000 44223.59124
1/01/2001 44473.40861
1/01/2002 45626.62203
1/01/2003 46449.84519
1/01/2004 47817.89923
1/01/2005 48702.73469
1/01/2006 49418.68632
1/01/2007 50952.46704
1/01/2008 51788.44015
1/01/2009 51651.22326
1/01/2010 51874.08048
1/01/2011 52372.15454
1/01/2012 53348.38897
1/01/2013 53798.35851
1/01/2014 54394.33427
(Source: fred.stlouisfed.org 2018)
1/1/2000
1/1/2001
1/1/2002
1/1/2003
1/1/2004
1/1/2005
1/1/2006
1/1/2007
1/1/2008
1/1/2009
1/1/2010
1/1/2011
1/1/2012
1/1/2013
1/1/2014
0
10000
20000
30000
40000
50000
60000
GDP for Australia
Observation date
GDP
Figure 1
GLOBAL ECONOMY5
ii) Total central government debt, total (% of GDP, Annual, Not Seasonally
Adjusted)
Table 5
observation_dat
e
Central government debt, total (% of
GDP) for Australia, Percent of GDP,
Annual, Not Seasonally Adjusted
1/01/2000 29.57453724
1/01/2001 27.77455166
1/01/2002 25.98683687
1/01/2003 25.16258372
1/01/2004 22.94080738
1/01/2005 22.49565203
1/01/2006 21.60331231
1/01/2007 20.30456853
1/01/2008 18.37447797
1/01/2009 24.07725049
1/01/2010 29.34085956
1/01/2011 30.72086622
1/01/2012 40.11420213
1/01/2013 38.25786614
1/01/2014 42.43556361
0
5
10
15
20
25
30
35
40
45
Central government debt, total (% of GDP) for
Australia
Figure 2
ii) Total central government debt, total (% of GDP, Annual, Not Seasonally
Adjusted)
Table 5
observation_dat
e
Central government debt, total (% of
GDP) for Australia, Percent of GDP,
Annual, Not Seasonally Adjusted
1/01/2000 29.57453724
1/01/2001 27.77455166
1/01/2002 25.98683687
1/01/2003 25.16258372
1/01/2004 22.94080738
1/01/2005 22.49565203
1/01/2006 21.60331231
1/01/2007 20.30456853
1/01/2008 18.37447797
1/01/2009 24.07725049
1/01/2010 29.34085956
1/01/2011 30.72086622
1/01/2012 40.11420213
1/01/2013 38.25786614
1/01/2014 42.43556361
0
5
10
15
20
25
30
35
40
45
Central government debt, total (% of GDP) for
Australia
Figure 2
GLOBAL ECONOMY6
iii) Imports: Value Goods (Percent of GDP, Annual, Not Seasonally Adjusted)
Table 6
observation_date
Imports: Value Goods for
Australia, Percent of GDP,
Annual, Not Seasonally
Adjusted
1/01/2000 17.03
1/01/2001 16.15
1/01/2002 16.34
1/01/2003 15.71
1/01/2004 15.7
1/01/2005 16.21
1/01/2006 17.02
1/01/2007 16.58
1/01/2008 18.15
1/01/2009 15.93
1/01/2010 15.46
1/01/2011 15.56
1/01/2012 16.05
1/01/2013 15.43
1/01/2014 15.74
1/1/2000
1/1/2001
1/1/2002
1/1/2003
1/1/2004
1/1/2005
1/1/2006
1/1/2007
1/1/2008
1/1/2009
1/1/2010
1/1/2011
1/1/2012
1/1/2013
1/1/2014
14
14.5
15
15.5
16
16.5
17
17.5
18
18.5
Imports: Value Goods for Australia
Observation date
Imports
Figure 3
iii) Imports: Value Goods (Percent of GDP, Annual, Not Seasonally Adjusted)
Table 6
observation_date
Imports: Value Goods for
Australia, Percent of GDP,
Annual, Not Seasonally
Adjusted
1/01/2000 17.03
1/01/2001 16.15
1/01/2002 16.34
1/01/2003 15.71
1/01/2004 15.7
1/01/2005 16.21
1/01/2006 17.02
1/01/2007 16.58
1/01/2008 18.15
1/01/2009 15.93
1/01/2010 15.46
1/01/2011 15.56
1/01/2012 16.05
1/01/2013 15.43
1/01/2014 15.74
1/1/2000
1/1/2001
1/1/2002
1/1/2003
1/1/2004
1/1/2005
1/1/2006
1/1/2007
1/1/2008
1/1/2009
1/1/2010
1/1/2011
1/1/2012
1/1/2013
1/1/2014
14
14.5
15
15.5
16
16.5
17
17.5
18
18.5
Imports: Value Goods for Australia
Observation date
Imports
Figure 3
GLOBAL ECONOMY7
iv) Government Final Consumption (nominal, Annual, Not Seasonally Adjusted)
Table 7
Observation Date
Gross Domestic Product by Expenditure in Constant
Prices: Government Final Consumption Expenditure for
Australia, National Currency, Annual, Not Seasonally
Adjusted
2000-01-01 196200000000
2001-01-01 200700000000
2002-01-01 205800000000
2003-01-01 213800000000
2004-01-01 221700000000
2005-01-01 227700000000
2006-01-01 235800000000
2007-01-01 243100000000
2008-01-01 253400000000
2009-01-01 257400000000
2010-01-01 266200000000
2011-01-01 275700000000
2012-01-01 282600000000
2013-01-01 285700000000
2014-01-01 288400000000
2000-01-01
2001-01-01
2002-01-01
2003-01-01
2004-01-01
2005-01-01
2006-01-01
2007-01-01
2008-01-01
2009-01-01
2010-01-01
2011-01-01
2012-01-01
2013-01-01
2014-01-01
0
50000000000
100000000000
150000000000
200000000000
250000000000
300000000000
350000000000
Government Final Consumption Expenditure for
Australia
Observation date
Government final consumption
Figure 4
iv) Government Final Consumption (nominal, Annual, Not Seasonally Adjusted)
Table 7
Observation Date
Gross Domestic Product by Expenditure in Constant
Prices: Government Final Consumption Expenditure for
Australia, National Currency, Annual, Not Seasonally
Adjusted
2000-01-01 196200000000
2001-01-01 200700000000
2002-01-01 205800000000
2003-01-01 213800000000
2004-01-01 221700000000
2005-01-01 227700000000
2006-01-01 235800000000
2007-01-01 243100000000
2008-01-01 253400000000
2009-01-01 257400000000
2010-01-01 266200000000
2011-01-01 275700000000
2012-01-01 282600000000
2013-01-01 285700000000
2014-01-01 288400000000
2000-01-01
2001-01-01
2002-01-01
2003-01-01
2004-01-01
2005-01-01
2006-01-01
2007-01-01
2008-01-01
2009-01-01
2010-01-01
2011-01-01
2012-01-01
2013-01-01
2014-01-01
0
50000000000
100000000000
150000000000
200000000000
250000000000
300000000000
350000000000
Government Final Consumption Expenditure for
Australia
Observation date
Government final consumption
Figure 4
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