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Evaluation of Macroeconomic Performance Assignment

   

Added on  2020-04-07

16 Pages2970 Words79 Views
Running head: EVALUATION OF MACROECONOMIC PERFORMANCE DETERMINATION OF MACROECONOMIC PERFORMANCE OF AUSTRALIA AND USAName of student:Name of University:Author note:

Running head: EVALUATION OF MACROECONOMIC PERFORMANCE Executive summaryThis report on Australian economy and USA economy shows that Australia is affected bychanges that occurred in USA. For evaluating the result this report considered the time periodfrom 1985 to 2015 and focused on factors that are GDP, interest rate, net export and yearlyexchange rate. Result from these indicators shows that Australia is affected by USA economyand this resulted in expansion of economy. Although both countries performance are beingaffected by global events which in turn affected the performance of the both economies.

Running head: EVALUATION OF MACROECONOMIC PERFORMANCE Table of ContentsIntroduction.....................................................................................................................................4Discussion........................................................................................................................................5Real GDP growth of Australia and USA........................................................................................6Yearly Exchange rate movement in Australia and USA...............................................................9Net Exports growth rate of Australia and USA..........................................................................11Interest rate of Australia and USA.............................................................................................12Conclusion......................................................................................................................................14References.....................................................................................................................................15

Running head: EVALUATION OF MACROECONOMIC PERFORMANCE IntroductionDeveloped economy mainly shows high level of economic growth and this high level isevaluated by considering economic indicators such as per capita income, growth ofindustrialization, general standard of living and development of infrastructure. On the otherhand non economic indicators which are included in human development index should alsoshow development in case of developed economies. Indicators included in human developmentindex are literacy rate, infant mortality rate, life expectancy and others. According to thehuman development index rankings Australia is placed in second position and USA is placed intenth position. Thus from the ranking of human development index Australia is in much higherposition than USA. Considering both economies separately this result can be drawn.Australian economy is an urbanized economy and it is considered as one of the largesteconomy in the world. Australia with respect to other countries is considered as one of thewealthiest nation in the world. The economy also stands as 14th largest in terms of nationalGDP, 20th largest from purchasing power parity aspect and 25th largest from exporting point ofview and finally 20th largest from importing point of view. Economy previously was dominatedby mining sector and this was due to the location of the country where resources are availablein a large scale, but with time the scenario changed, the economy previously which was run bythe mining sector, now dominated by the service sector and this was due to decline in miningsector due to scare of resources (Beer, 2012).

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