Report On Monetary & Fiscal Policies Of Australian Economy

Economic Assignment

Table of Contents
INTRODUCTION...........................................................................................................................3
1.1 Presenting GDP per capita of each country and evaluating differences................................3
1.2 Plotting numeric data set in relation to GDP growth, inflation and unemployment.............4
1.3 Stating the graph of government expenses and revenue........................................................8
TASK 2..........................................................................................................................................11
2.1 Presenting the manner in which government expenses and tax policies have impact on
desired outcome.........................................................................................................................11
2.2 Use of fiscal policies in relation to controlling economic activities and challenges’ which
are associated with it..................................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Growth and success of the country is evaluated on the basis of its GDP, per capita
income, inflation, revenue and level of expenses. Hence, by making assessment of all such
elements or factors information regarding the economical aspect can be generated. Hence,
economic growth can be measured from the increase or decrease which takes place in the
capacity in relation to producing goods or services in comparison to another period. Thus, by
evaluating all such key indicator business organizations and political parties can identify the
extent to which economy of specific country is sound. For the present report, five countries have
been selected such as Australia, Brazil, India, Spain and Zimbabwe. In this, report will shed light
on the reasons due to which differences take place in the GDP per capital, growth and inflation
etc. of different countries. Besides this, report will provide deeper insight about the level to
which condition of unemployment exists in varied countries. Report will present fiscal and
monetary policies of Australian economy.
1.1 Presenting GDP per capita of each country and evaluating differences
GDP per capita
Year /
country Brazil Australia India Spain Zimbabwe
2000 3728.51 21665.1 452.41 14676.7 535.2
2001 3135.15 19495.1 460.83 15323.6 537.72
2002 2805.71 20059.5 480.62 17019.5 480.62
2003 3040.51 23440 557.9 21495.7 448.37
2004 3596.23 30440.9 640.6 24918.7 451.17
2005 4730.65 33983 729 26510.7 443.24
2006 5808.34 36084.9 816.73 28482.6 816.73
2007 7246.87 40957.8 1018.13 32709.4 1018.13
2008 8706.82 49628.1 991.52 35578.7 327.2
2009 8474.88 42715.1 1090.36 32333.5 1090.36
2010 1121.42 51845.7 1345.72 30737.8 374.27
2011 13047.2 62216.5 1461.38 31832.2 768.56
2012 12179.6 67646.1 1446.77 28562.3 850.83
2013
1210.6.2
1 67652.7 1451.53 29210.1 905.5
2014 11917.8 62004.8 1569.94 29600.5 931.2

2015 8677.77 56290.65 1593.25 25684.7 924.14
(GDP per capita, 2017)
The above depicted table or graph shows that GDP per capita of Brazil shows increasing
trend from the year of 2000 to 2013. In the year of 2000, per capita GDP of Brazil was 3728.51,
whereas it reached on 12106.21 at the end of 2013. It shows that that during such accounting
period’s productivity of Brazil increased to the significant level. However, in the year of 2014
and 2015 per capita GDP of Brazil decreased to the significant level. It presents that productivity
level of employees affected in a negative manner during the period of 2014 and 2015. On the
other side, GDP per capita of Zimbabwe also shows fluctuating trend in the performance level.
Moreover, in 2015 GDP per capita of Zimbabwe accounts for 924.14 respectively that was high
lower as compared to before years and other countries. From assessment, it has been identified
that GDP per capita of Australia, Spain and India accounts for 56290.65, 25684.7 and 1593.25
respectively in the year of 2015. By considering this, it can be presented that GDP per capita of
Australia was high during the period of 16 years. It clearly shows that employees of Australia
are highly skilled and efficient over others.