Macroeconomic Performance of Australia and USA

Running head: ECONOMICS
Economics
Name of the student
Name of the university
Author note

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ECONOMICS
Table of Contents
Executive summary....................................................................................................................2
Macroeconomic performance of Australia and USA.................................................................2
Pair wise graphs of macroeconomic indicators..........................................................................3
Role of government’s monetary and fiscal polices..................................................................14
Macroeconomy of Australia.....................................................................................................16
Conclusion................................................................................................................................17
Reference list............................................................................................................................18

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Executive summary
The paper includes the macroeconomic performance of the united states of America and
Australia. The first part of the paper comprises of the summary staistics of the values of the
different macroeconomic indicators taken from the year 1995 to 2015. The values for which
have been obtained for various macroeconomic indicators are the growth of the real gross
domestic product, rate of inflation, rate of unemployment, interest rate, net exports and the
exchange rate. The next part of the paper consists of the pairwise graph between the various
macroeconomic indicators.
Macroeconomic performance of Australia and USA
Real GDP growth of Australia and USA
Column1
REAL GDP GROWTH RATE OF
AUSTRALIA
Mean -0.07749512
Standard Error 0.221400338
Median -0.081144834
Mode #N/A
Standard Deviation 1.01458381
Sample Variance 1.029380307
Kurtosis -0.008634789
Skewness 0.038330901
Range 4.079999908
Minimum -2.010083353
Maximum 2.069916555
Sum -1.62739753
Count 21
Confidence Level
(95.0%) 0.461833013
Column1 REAL GDP GROWTH RATE OF USA

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Mean -0.183529247
Standard Error 0.378251666
Median -0.238821158
Mode #N/A
Standard Deviation 1.774157575
Sample Variance 3.1476351
Kurtosis 3.477356076
Skewness 1.019380258
Range 8.423644805
Minimum -3.116194615
Maximum 5.30745019
Sum -4.037643425
Count 22
Confidence Level
(95.0%) 0.786617401
Pair wise graphs of macroeconomic indicators
Figure 1Relationship between real GDP and inflation

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ECONOMICS
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
0
1
2
3
4
5
6
AUSTRALIA
INFLATION REAL GDP
YEAR
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
-1
0
1
2
3
4
5
-4
-3
-2
-1
0
1
2
3
4
5
6
USA
INFLATION REAL GDP
YEAR
The table above shows the summary statistics of the real gross domestic growth rate of
United States of America and Australia. As the table shows that the value of the standard
deviation is greater than mean, the value is positively skewed in nature. The graph of the
United states of America shows the relation between inflation and real gross domestic
product. It shows that when the gross domestic product rises, the inflation rate also rises and
when it declines the other variable also declines. The maximum growth of real GDP in case
of USA was 5 percent and the minimum were. on the other hand, the maximum growth of
real GDP of Australia was 2 and the minimum was -2. The graph showing the growth of real

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GDP and inflation growth in Australia shows that they fluctuate a lot. The rate of inflation
was minimum in the year 1997 and for USA the inflation was lowest in the year 2009.
Rate of inflation of Australia and USA: summary statistics
Column1 INFLATION RATE USA
Mean 2.265611
Standard Error 0.229945
Median 2.33769
Mode #N/A
Standard Deviation 1.05374
Sample Variance 1.110369
Kurtosis 0.925325
Skewness -0.96449
Range 4.194647
Minimum -0.35555
Maximum 3.8391
Sum 47.57783
Count 21
Confidence Level (95.0%) 0.479657
Column1 INFLATION RATE OF AUSTRALIA
Mean 2.660028
Standard Error 0.258969
Median 2.615385
Mode #N/A
Standard Deviation 1.186744
Sample Variance 1.408362