Calculate the GDP for both countries

100% Pass and No Plagiarism Guaranteed

Calculate the GDP for both countries

TRIMESTER 1

BUS700 MACROECONOMICS: INDIVIDUAL ASSIGNMENT

SUBMISSION: Upload on to Turnitin

There are three questions. All three questions must be answered. The response needs to be developed into a professionally presented report of 2500 +(-) 10% words.

Students shall collect own data and generate own graphs and tables required necessary for completing this assignment.

Cut and paste or downloaded graphs and tables from another author’s work will be penalised.

The raw data and their source must be included as an appendix to the report.

Data sources include:

Australian Bureau of Statistics (ABS)
Reserve Bank of Australia (RBA)

The International Monetary Fund (IMF)
World Development Indicators (WDI)

Marking Criteria

Question 1 [6 marks]	Word Limit: 500 words
Table 1: GDP Data for Countries A and B
		Country A	Country B
		$billions	$billions
Household Consumption		150	150
Government Purchases		250	250
Transfer payments		50	60
Total Gross Fixed Capital Expenditures		50	150
Change in Inventories		50	-50
Exports		40	40
Imports		20	20

Consider the data in table 1 for two countries: A and B.

Calculate the GDP for both countries.

Discuss the usefulness of these data in deciding which, if any, of these two countries is likely to be experiencing an economic recession.

Question 2 [12 marks] Word Limit: 1000 words

Obtain Australia`s real GDP and CPI data from 1980 to 2015. Calculate the annual growth rates of real GDP and inflation and graph both series together. Is/are there some interesting or salient relationship(s) between those two series? Provide and discuss plausible economic explanation(s), including change in economic events and change in government policy, for the relationship(s) you identified.

Question 3 [12 marks] Word Limit: 1000 words

Obtain Australia`s real GDP and unemployment data from 1980 to 2015. Calculate the growth rates of real GDP and unemployment and graph both series together. Is/are there some interesting or salient relationship(s) between those two series? Provide and discuss plausible economic explanation(s), including change in economic events and change in government policy, for the relationship(s) you identified.

END OF BUS700 T116 INDIVIDUAL ASSIGNMENT

100% Plagiarism Free & Custom Written,
Tailored to your instructions

International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120

100% Pass Guarantee

STILL NOT CONVINCED?

View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation