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Report on Evaluation of Macroeconomic Performance

   

Added on  2020-04-01

16 Pages2914 Words68 Views
Running head: EVALUATION OF MACROECONOMIC PERFORMANCE EVALUATION 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 not affected by changes occurred in USA. For assessing the result this report considered period from 1985 to 2015 and focused on domains that are GDP, interest rate, net export and exchange rate. Result from these domains shows that Australia is not being affected by USA economy. Although both countries performance are being affected by global events which in turn affected the performance of the both economies.

Running head: EVALUATION OF MACROECONOMIC PERFORMANCE Table of ContentsIntroduction...............................................................................................................5Discussion..................................................................................................................6Real GDP growth of Australia and USA..................................................................7Yearly Exchange rate movement in Australia and USA.........................................9Net Exports growth rate of Australia and USA....................................................11Real Interest rate of Australia and USA...............................................................13Conclusion...............................................................................................................15References...............................................................................................................16

Running head: EVALUATION OF MACROECONOMIC PERFORMANCE IntroductionAustralian economy is a developed economy and it stands as one of the largesteconomy in the world. Australia also considered as one of the wealthiest nation in the world.The economy considered as 14th largest in terms of national GDP, 20th largest with respect topurchasing power parity and 25th largest as exporter of goods and finally 20th largest withrespect to importer of goods. Australian economy previously was dominated by mining sectorand the reason was due to large level of availability of natural resources and this availability dueto location of the economy, but over the years the scenario changed the economy which wasrun by the mining sector, now dominated by the service sector and this was due to decline inmining sector (Downes, Hanslow and Tulip, 2014).USA economy is considered as world’s largest economy. In terms of purchasing powerparity economy stands in the second position .In terms of GDP economy is 7th highest withcompared to other nations. Economy of USA is a mixed one and has maintained GDP withstability over the past decades. With respect to availability of natural resources the economystands in highest position. Production level of the economy is also high for which economy hasbeen able to achieve its desired goal over the years (Summers, 2014). Now if the economy of Australia is compared to USA then a rigid result can be obtainedregarding in their terms of growth. The aim of this report is to explore whether Australianeconomy changes due to changes in USA’s real GDP. The reason behind investigating this kindof study because Australia and USA are trading economies and trade with each other, however

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