Refer to the statistics provided below and at the various links
1. Real GDP Grow % as available at http:llwww.dfat.gov.aulgeolfslaust.pdf
2007 2008 2009 2010 2011 (a) 2012 (b)
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
RBA Money Aggregates December
RBA Money Aggregates November
RBA Money Aggregates October
RBA Money Aggregates September
RBA Money Aggregates August
RBA Money Aggregates July
RBA Money Aggregates June
RBA Money Aggregates May
RBA Money Aggregates April
RBA Money Aggregates March
RBA Money Aggregates Feb
RBA Money Aggregates Jan 2012
4. Unemployment rates
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
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
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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