Discuss gdp-unemployment and inflation

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Reference no: EM133203236 , Length: Words Count:650

Assignment:

Topic/s of Primary Focus: GDP, Unemployment and Inflation (May also include content from previous topics.)

Refer to the most recent Consumer Price Index data, for the March 2022 quarter, published on 27/04/2022 and available at:

Refer primarily to the data in ‘Key statistics' and ‘Main features' subsections.

Task:

Summarise in your own words the CPI inflation rate and related data for the March 2022 quarter. Explain what is represented by this data, such that a non-economist would better be able to understand its meaning.

You should in particular aim to incorporate elements of understanding that have come from this course, such as what the ‘CPI' measures and includes, and how this should impact the interpretation of the data. This should provide a clearer interpretation of the meaning behind these numbers.

(For example, you can imagine that you are writing a short summary article for a newspaper that is aimed at a general audience. Although you do not need to follow this format stylistically.)

Diagrams:

Unlike previous weeks, this task does not necessarily require diagrams. However you may choose to use diagrams if you wish.

If you wish to include other diagrams, tables, or figures from sources such as the ABS, make sure that you include an appropriate reference.

Reference no: EM133203236

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