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Economics Development - Assignment

   

Added on  2021-05-31

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Running head: ECONOMICS ASSIGNMENTEconomics AssignmentName of the student:Name of the University:Author note

ECONOMICS ASSIGNMENT2Executive summary:Australian economy is one of the largest mixed economy around the world that has been growingthrough the last three decade by a high rate. Australia has been going through its 27th consecutive yearof growth, which is mainly driven by the robust performance of the agricultural and mining sector.Though the Australian economy has been rising, however, the Real GDP growth rate of the state hasbeen falling over the last few years. Under this scenario, this report is aimed to analyse variousmacroeconomic factors that are being affected by the change in the Real GDP growth of theAustralian economy. Through this analysis, it will try to provide insight, how the Australian economyhas been growing through the last few years and how the economy will be within next few years.From the discussion it has been found that the Australian economy is one of the largest mixedeconomy in the world where all the sectors of the economy has participated by a large sharein the structuring of the domestic economy. Moving forward the report has found that thestate as of now is going through the growth stage, where its various macroeconomic factorsare expanding by a large extent. The report suggest that in order to gauge the present situationand make the future of the Australian economy more stable, it is necessary for the Australiangovernment to bring in strategies that can aid the Australian export market and aid it tobecome the largest exporter of the natural resources like coal and others. To conclude it canbe stated that the economy has high potential to become one of the largest economy aroundthe world with its large amount of domestic market and the favourable trading conditions.

ECONOMICS ASSIGNMENT3Table of ContentsIntroduction:...............................................................................................................................4Connection between inflation rates along with Australia’s Real GDP growth rate:..................4Unemployment and Real GDP growth rate connection:............................................................6Evidence of the business cycle:..................................................................................................7Relationship between Real exchange rates and net exports of the USA and Australia:............8Connotation between Cash rates and the Fed rates:.................................................................10How movements in the Federal Reserve Fund’s rates drive movements in the Cash rates:....11Macroeconomic outlook of Australia:.....................................................................................12Conclusion:..............................................................................................................................13Reference:................................................................................................................................15Appendix:.................................................................................................................................17

ECONOMICS ASSIGNMENT4Introduction:Australian economy is one of the largest mixed economy around the world that has beengrowing through the last three decade by a high rate. With almost 8.9 trillion USD Gross DomesticProduct (GDP), Australian economy is acknowledged as one of the fastest growing developed nationthat has good amount of performance from all of its macroeconomic factors (Bramble 2015). As perthe nominal GDP Australia ranks 19th and when it comes to the Purchasing Power Parity, then it ranks13th among all the nations around the world making it an ideal state where the economic factors areperforming as per the requirement of the state (Poon 2017). Australia has been going through its 27thconsecutive year of growth, which is mainly driven by the robust performance of the agricultural andmining sector. In addition to this service sector of the Australian economy has aided the economy tobecome where it now and the secondary sector has helped the Australian economy to become strongthat can withstand against the market crunches (Robinson et al. 2015). Australian economy has beenrising, however, the Real GDP growth rate of the state has been falling over the last few years. Under this scenario, this report is aimed to analyse various macroeconomic factors that arebeing affected by the change in the Real GDP growth of the Australian economy. Through thisanalysis, it will try to provide insight, how the Australian economy has been growing through the lastfew years and how the economy will be within next few years. To conclude it will provide a briefoverview of the findings and portray the recommendation to deal with the situation of the Australianeconomy. Connection between inflation rates along with Australia’s Real GDP growth rate:In case of the Australian economy, there lies a negative relation between the Real GDPgrowth rate of Australia and the inflation. As the state has been facing rise in Real GDP growth rate,in inflation over the years has fell gradually (Mathews 2017).

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