Evaluation of Macroeconomic Performance: Australia and USA, BUS700

This economics report provides a comprehensive analysis of the macroeconomic performance of Australia and the USA from 1995 to 2015. The report begins with an executive summary and then delves into the summary statistics of various macroeconomic indicators, including real GDP growth, inflation rates, unemployment rates, interest rates, net exports, and exchange rates. The analysis includes pairwise graphs illustrating the relationships between these indicators for both countries. The report also examines the role of government monetary and fiscal policies in influencing economic growth. The study concludes with a detailed discussion of the macroeconomic conditions in Australia during the specified period. The analysis uses data to compare the two economies, providing insights into their respective strengths and weaknesses. The report is well-structured, incorporating tables and graphs to present the data effectively, and offers a thorough evaluation of the macroeconomic landscape of both nations.

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

1
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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ECONOMICS
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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ECONOMICS
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

4
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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ECONOMICS
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

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ECONOMICS
Kurtosis -0.29508
Skewness -0.01036
Range 4.402879
Minimum 0.224888
Maximum 4.627767
Sum 55.86059
Count 21
Confidence Level
(95.0%) 0.540199
Rate on
Unemployment in
Australia and USA:
summary statistics
Column1
UNEMPLOYME
NT RATE OF
AUSTRALIA
Mean 6.089523792

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ECONOMICS
Standard Error 0.280750247
Median 5.929999828
Mode #N/A
Standard Deviation 1.286559258
Sample Variance 1.655234724
Kurtosis -0.372278321
Skewness 0.684467226
Range 4.28000021
Minimum 4.230000019
Maximum 8.510000229
Sum 127.8799996
Count 21
Confidence Level (95.0%) 0.585634753
Column1 UNEMPLOYMENT RATE OF USA
Mean 5.977142868
Standard Error 0.367830277
Median 5.53000021
Mode 5.78000021
Standard Deviation 1.685610087
Sample Variance 2.841281364
Kurtosis 0.131848224
Skewness 1.109018864
Range 5.640000105

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ECONOMICS
Minimum 3.99000001
Maximum 9.630000114
Sum 125.5200002
Count 21
Confidence Level
(95.0%) 0.767280512
Figure 2 Relationship between real GDP and unemployment
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
AUSTRALIA
Series1 REAL GDP
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
0
2
4
6
8
10
12
-4
-3
-2
-1
0
1
2
3
4
5
6
USA
UNEMPLOYMENTS REAL GDP

9
ECONOMICS
The above summary statistics shows the values for both USA and Australia. Both the values
are being positively skewed for both the countries. The graph above shows the relationship
between the real gross domestic product and rate of unemployment. The gross domestic was
product was minimum in the year 2009 for USA and for Australia it was minimum in the
year 2001. The values of real gross domestic product fluctuated a lot unlike the values for
unemployment.
Net exports for USA and Australia: summary statistics
Column1 NX OF AUSTRALIA
Mean -1.166077721
Standard Error 0.244954835
Median -1.298144186
Mode #N/A
Standard Deviation 1.122524075
Sample Variance 1.260060298
Kurtosis -1.170943089
Skewness 0.203812415
Range 3.711753595
Minimum -2.744010975
Maximum 0.96774262
Sum -24.48763215
Count 21
Confidence Level (95.0%) 0.510966833
Column1 NX OF AUSTRALIA
Mean -1.166077721
Standard Error 0.244954835
Median -1.298144186
Mode #N/A
Standard Deviation 1.122524075
Sample Variance 1.260060298

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Kurtosis -1.170943089
Skewness 0.203812415
Range 3.711753595
Minimum -2.744010975
Maximum 0.96774262
Sum -24.48763215
Count 21
Confidence Level (95.0%) 0.510966833
The value above shows the summary statistics for Australia as well as for united states of
America. The value of the net exports remained negative for both the countries since imports
had been more than exports. For most of the time the countries known to have imported large
amount of goods than exports.
Interest rate for Australia and USA.: summary statistics
Column1
CASH RATE FOR
AUSTRALIA
Mean 4.738095
Standard Error 0.313618
Median 4.75
Mode 4.75
Standard Deviation 1.437176
Sample Variance 2.065476
Kurtosis -0.26819
Skewness -0.19797
Range 5.5
Minimum 2
Maximum 7.5
Sum 99.5
Count 21
Confidence Level
(95.0%) 0.654195
Column1 INTERES
T RATE

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ECONOMICS
OF USA
Mean 2.559524
Standard Error 0.52638
Median 1.82
Mode 0.16
Standard Deviation 2.412176
Sample Variance 5.818595
Kurtosis -1.79413
Skewness 0.271431
Range 6.33
Minimum 0.07
Maximum 6.4
Sum 53.75
Count 21
Confidence Level
(95.0%) 1.09801
Figure 3Relationship between real GDP and interest rate
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
0
1
2
3
4
5
6
7
8
AUSTRALIA
REAL GDP INTEREST RATE