Refer to the statistics provided below and at the various links

Refer to the statistics provided below and at the various links

provided

1. Real GDP Grow % as available at http:llwww.dfat.gov.aulgeolfslaust.pdf

2007 2008 2009 2010 2011 (a) 2012 (b)

Real GDP

Growth % 4.9 2.2 1.5 2.4 2.2 3.0

(a) All recent data subject to revision; (b) IMFIEIU forecast;

2. Money aggregate figures for January

2012 to December 2012
http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-1212.html

RBA Money Aggregates December

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-1112.html

RBA Money Aggregates November

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-1012.html

RBA Money Aggregates October

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O912.html

RBA Money Aggregates September

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O812.html

RBA Money Aggregates August

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O712.html

RBA Money Aggregates July

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O612.html

RBA Money Aggregates June

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O512.html

RBA Money Aggregates May

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O412.html

RBA Money Aggregates April

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O312.html

RBA Money Aggregates March

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O212.html

RBA Money Aggregates Feb

2012

http:llwww.rba.gov.aulstatisticslfrequencylfln-aggl2012lfin-agg-O112.html

RBA Money Aggregates Jan 2012

3. Inflation

rates

http:llwww.rba.gov.aulinflationlmeasures-cpi.html

4. Unemployment rates
http:llwww.tradingeconomics.comlaustralialunemployment-rate

Required:

Referring to the textbook (Economics for today 4th ed 2012 – lSBN:9780170190855) and other literature as a basis for the
discussion, your report needs to address each ofthe following:

a) Explain what the Real GDP Growth % measures and why it is an important
economic indicator.

b) Referring to the Reserve Bank of Australia Money Aggregates and other information that you can research on the RBA
website comment on the monetary policy that the Reserve Bank of Australia (RBA) is adopting and explain the reason for your
answer.

c) Discuss how the inflation rates are calculated and explain what inflation is.

d) Referring to the GDP, money aggregate figures,

unemployment figures and inflation rates to support your arguments, discuss the health of Australia’s economy.
A standard business

report begin with an executive summary, be followed by a table of contents, introduction, the main body ofthe report, which must use
headings and subheadings and finally a conclusion. The executive summary must outline the major flndings ofthe report while the
introduction must tell the reader what the report will cover and how it is organised.

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