Discuss the movement in australia real gdp

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Reference no: EM133531343

Question: Visit the ABS at www.abs.gov.au and locate the latest release of the "Australian National Accounts: National Income, Expenditure and Product". Click the Data Download icon and locate the download link for "Table 1. Key National Accounts Aggregates" and download the file (5206001_Key_Aggregates.xlsx).

? Use the Seasonally Adjusted figures for Gross domestic product: Chain volume measures; to fill in the first six rows of the first blank column in the table below. (Note 1 billion = 1000 million)

? Given GDP is a flow, calculate the level of real GDP for the financial year 2021-22 and the calendar year 2022 in billions and place them in the table below.

? Complete the second blank column of the table below by calculating the quarterly growth rate in real GDP.

? Complete the third blank column of the table below by calculating the annual growth rate in real GDP.

? Discuss the movement in Australia's real GDP over 2022. Is the Australian economy speeding up or slowing down?

Reference no: EM133531343

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