GLOBAL ECONOMY Global Economy Name of the Student Name of the University

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However, the trends in the growth rate of the Real and Nominal GDP of the country has experienced considerable fluctuations in the time span of 1990-2016, which can be seen from the following figure: Figure 2: Real and Nominal GDP growth trends in Australia (1990-2016) (Source: Abs.gov.au, 2018) As is evident from the above figure, the growth rate of the Nominal GDP of the country can be seen to be existing at a slightly higher level than that of the

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GLOBAL ECONOMY Global Economy Name of the Student Name of the University

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