Economics Assignment: In-depth Analysis of Australian Economy

This economics assignment analyzes the Australian economy from 2000 to 2016, examining real GDP growth, inflation rates, and the impact of various factors like the mining boom and housing investment. The assignment calculates real interest rates and inflation, providing insights into the relationship between nominal and real interest rates. It also presents an analysis using the AD-AS framework, discussing the effects of tax cuts and the response of the Reserve Bank of Australia through monetary policy. The analysis includes tables and figures to illustrate economic trends and policy impacts, drawing on sources such as the World Bank and the Reserve Bank of Australia.