Finance and Economics.

Powerpoint Presentation, 8 Slides, on Topic 1: GDP Growth and Economic Development in Australia, with each slide answering the following questions. (i) Introduction, (ii) The problem/issue to be studied, (iii) Definitions and descriptions of the key terms, (iv) Main results and analysis, and (v) Conclusion. A list of references should also be included next to the conclusion. Use real-life examples, data, graphs, tables and assumptions in your presentation. Use economic theory to answer this question.

FINANCE AND
ECONOMICS
GDP Growth and Economic Development
in Australia

Introduction
 The GDP in Australia extended 2.30% in the 4th
quarter of 2018.
 Australia is having uninterrupted annual economic
growth from 1991.
 The GDP annual growth rate in Australia remains at
average of 3.46% since 1960s (Australia Unlimited,
2018).

Problem to be deliberated
 The problem is caused in the Australian
economy by ageing population which leads
to the slower economic growth (Uddin, Alam
& Gow, 2016).
 This proportion of the population is mainly of
the traditional working age falls.
 The ageing population contribution rate is
anticipated to fall inhibiting to the workforce
growth.

Continued…
(Projected participation rates)

Definition and Explanation of
the key terms
 The ageing population presents challenges to
the labour markets, government spending,
government tax and the extensive economy.
 The ageing workforce hit the economy in
various ways.
 The ageing population increases spending of
the government on the pensions and health
care.

Results and analysis
 The ageing section in Australia tends to pay
lower income taxes as they are not working
after the retirement phase.
 The pension spending as percentage of GDP
has increased from the past years in the
country.
 The ageing population causes shortage of
workers and as a result, push up wages cause
wage inflation.

Conclusion
 The growth in the GDP can be promoted by the
enhancing productivity along with the workforce
participation.
 The government should provide wide funds for
the health, aged care an the concerned
expenditures in order to support aged workforce.
 The Australian government need to spend more
on the human capital so that good rate of GDP
can be maintained.

References
 Uddin, G. A., Alam, K., & Gow, J. (2016).
Population age structure and savings rate
impacts on economic growth: Evidence from
Australia. Economic Analysis and Policy, 52,
23-33.