GLOBAL ECONOMY 9 9 Running Head: Global Economy Name of the Student Name of the University
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Running Head: GLOBAL ECONOMY 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
GLOBAL ECONOMY2
GLOBAL ECONOMY3 Part A Answer 1 Table 1 6th, 7th, 8th,9th and 10th position in bilateral trade with Australia in 2014 RankCountryTrade volume (A$ million) 6thNew Zealand23,484 7thSingapore29,580 8thThailand18,986 9thIndia15,763 10thGermany17,504 (Source: dfat.gov.au 2016) Table 2 Rank of the previous countries in Australia's top export in 2015 CountryPositionExport Volume (A$ Million) New Zealand7th12,498 Singapore9th11,012 Thailand14th5,307 India6th13,395 Germany15th3,127 Table 3 Top ten exports from Australia in 2016 Ran k CommodityValues of export(A$ million) Percentage share 1Iron ores & concentrates53,75716.3 2Coal37,99912.8 3Education-related travel services21,9666.6 4Gold18,8575.7 5Natural gas17,9125.4 6Personal travel (excl education) services 17,4125.3 7Beef, f.c.f.7,4012.2 8Aluminium ores & conc (incl alumina) 6,4602 9Wheat4,8531.5
GLOBAL ECONOMY4 10Professional services4,7791.4 Answer 2 Australia i) GDP(2010 U.S. Dollars, Annual, Not Seasonally Adjusted) Table 4 observation_date ConstantGDPpercapita forAustralia,2010U.S. Dollars,Annual,Not Seasonally Adjusted 1/01/200044223.59124 1/01/200144473.40861 1/01/200245626.62203 1/01/200346449.84519 1/01/200447817.89923 1/01/200548702.73469 1/01/200649418.68632 1/01/200750952.46704 1/01/200851788.44015 1/01/200951651.22326 1/01/201051874.08048 1/01/201152372.15454 1/01/201253348.38897 1/01/201353798.35851 1/01/201454394.33427 (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)Totalcentralgovernmentdebt,total(%ofGDP,Annual,NotSeasonally Adjusted) Table 5 observation_dat e Central government debt, total (% of GDP) for Australia, Percent of GDP, Annual, Not Seasonally Adjusted 1/01/200029.57453724 1/01/200127.77455166 1/01/200225.98683687 1/01/200325.16258372 1/01/200422.94080738 1/01/200522.49565203 1/01/200621.60331231 1/01/200720.30456853 1/01/200818.37447797 1/01/200924.07725049 1/01/201029.34085956 1/01/201130.72086622 1/01/201240.11420213 1/01/201338.25786614 1/01/201442.43556361 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:ValueGoodsfor Australia, Percent of GDP, Annual,NotSeasonally Adjusted 1/01/200017.03 1/01/200116.15 1/01/200216.34 1/01/200315.71 1/01/200415.7 1/01/200516.21 1/01/200617.02 1/01/200716.58 1/01/200818.15 1/01/200915.93 1/01/201015.46 1/01/201115.56 1/01/201216.05 1/01/201315.43 1/01/201415.74 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 GrossDomesticProductbyExpenditureinConstant Prices: GovernmentFinalConsumptionExpenditurefor Australia,NationalCurrency,Annual,NotSeasonally Adjusted 2000-01-01196200000000 2001-01-01200700000000 2002-01-01205800000000 2003-01-01213800000000 2004-01-01221700000000 2005-01-01227700000000 2006-01-01235800000000 2007-01-01243100000000 2008-01-01253400000000 2009-01-01257400000000 2010-01-01266200000000 2011-01-01275700000000 2012-01-01282600000000 2013-01-01285700000000 2014-01-01288400000000 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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