Ask a question from expert

Ask now

Evaluation of Macroeconomic performance of Australia and USA

18 Pages3445 Words251 Views
   

Added on  2019-10-30

Evaluation of Macroeconomic performance of Australia and USA

   Added on 2019-10-30

BookmarkShareRelated Documents
Running head: MACROECONOMICSEvaluation of Macroeconomic performance of Australia and USA Name of the Student:Name of the University:Author note:
Evaluation of Macroeconomic performance of Australia and USA_1
1MACROECONOMICSExecutive summaryMacroeconomic performances of a nation or economy represent the overall evaluation of thehealth and performance of the economy. This includes the performance of GDP, exchange rate,interest rate, inflation, export and import of a country. The following report discusses thecomparison of macroeconomic performances of Australia and the USA in the past 30 years, i.e.from 1985 to 2015. This is a huge time span, within which the course of an economy can changesignificantly. While USA has witnessed several patches of growth and recession during this timeframe, Australia has witnessed only growth.
Evaluation of Macroeconomic performance of Australia and USA_2
2MACROECONOMICSTable of ContentsIntroduction......................................................................................................................................3Growth in Australian economy........................................................................................................3Growth in the US economy.............................................................................................................4Comparison of the two economies..................................................................................................5Real GDP growth.........................................................................................................................5Net exports comparison...............................................................................................................8Exchange rate comparison.........................................................................................................11Real interest rate comparison.....................................................................................................12Conclusion.....................................................................................................................................15References......................................................................................................................................16
Evaluation of Macroeconomic performance of Australia and USA_3
3MACROECONOMICSIntroduction Macroeconomic performance refers to the assessment of the performance of an economytowards reaching the goals and objectives of the government policies. The primary aim of thegovernment policies are usually the improvement in the wellbeing of the population of thenation. The performances are measured in ‘Real’ terms, which mean the actual performances areadjusted with price rise. i.e. inflation. Macroeconomic indicators are those, which are concernedwith the overall economical concerns, that is, which represent a broad picture of a country. Thoseindicators are Gross Domestic Product (GDP), Consumer Price Index (CPI), Unemployment, etc.(Burda and Wyplosz 2013). Through the assessment of Net Exports, Real Interest Rate, andExchange Rate, the performance of an economy can be described in a much better way. Thefollowing report illustrates the comparison of macroeconomic performance of Australia andUnited States for the span of 30 years, starting from 1985 to 2015-2016. In this report, the realGDP growth rate, exchange rate movement, real interest rate and net exports growth rate of thetwo developed countries will be discussed to highlight the economic performances in the past 30years. Growth in Australian economyThe Australian economy is one of the most developed and biggest mixed marketeconomies of the world. The country has a GDP of AUD 1.69 trillion in 2017. In terms of wealthper adult, Australia takes the second position, after Switzerland. By nominal GDP, Australia wasthe 14th nation and 20th largest in terms of PPP. It also holds the 25th position for exporting and20th position for importing of goods. In 2016, total export value was worth of AUD 190.2 billionand total import value was worth of AUD 196.1 billion. Australia is the only country that holds
Evaluation of Macroeconomic performance of Australia and USA_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Report on Evaluation of Macroeconomic Performance
|16
|2914
|68

Comparative Analysis of Macroeconomic Performance of Australia and USA
|21
|4999
|495

Macroeconomic Performance Assignment
|15
|3399
|184

Macroeconomic Analysis of Australia: Real GDP, Inflation, Unemployment, Business Cycle, Net Exports and Exchange Rates
|12
|4372
|275

Evaluation of Macroeconomic Performance Assignment
|16
|2970
|79

Evaluation of the Macroeconomic Performance of Australia and USA
|13
|3576
|482