Hypothetical national income statistics for a

Reference no: EM13372135

Hypothetical National Income Statistics for a country.

Percentage Change unless indicated otherwise	2010	2012
	Actual	Forecast
Household consumption	1.1	4.2
Export of goods and service	1.7	5.5
Imports of goods and services	1.5	11.7
Real Gross Domestic Product	-0.3	3.75
External Accounts Value of local currency relative to $US (Average Value) Current account balance (% of GDP)	0.72 1.3	1.30 -1.9
Labour Market Unemployment Rate	8.4	2.6
Prices Consumer price index	-2.5	4.7

a) For this hypothetical economy, what were the three major issues of concern in 2009?

b) What is the relationship between these three variables, that is, how does one affect the other?

c) What has happened to the exchange rate between 2009 and 2013?

d) Which of the above variables is the movement in the exchange rate most likely to affect?

e) Explain the relationship between inflation and unemployment over the period 2009 and 2013.

f) In 2013 are there any concerns about external balance? Explain.

g) How is the unemployment rate related to real GDP growth?

h) Given these projections for 2013, what would be the appropriate macroeconomic policy for the Australian government and the RBA?

Reference no: EM13372135

Questions Cloud

Question 1 the jkl corporation the pqr corporation and the : question 1. the jkl corporation the pqr corporation and the xyz corporation have an oligopoly in making widgets a

In 1931 pepsi was almost broke the great depression hit it : in 1931 pepsi was almost broke. the great depression hit it hard and coke had most of the duopoly market for soft

Q1what common problems faced the ottoman qing russian and : q1what common problems faced the ottoman qing russian and tokugawa dynasties in the late nineteen century?q2what was

Foreign direct investmentprepare a power-point presentation : foreign direct investmentprepare a power-point presentation on toyotas international market strategy. be sure to

Hypothetical national income statistics for a : hypothetical national income statistics for a country.percentage change unless indicated

1 write a paragraph or two describing your personality : 1 write a paragraph or two describing your personality. think about your quirks oddities and habits. how would your

Health administration question answer each of the : health administration question answer each of the questions below note that eachquestionis of equal weight and that

The essay should be about 800-1000 words and should address : the essay should be about 800-1000 words and should address the following questions. to complete this you must read

1discuss the role that discounting plays in a dynamically : 1.discuss the role that discounting plays in a dynamically efficient allocation of non-renewable resource use through

User Account

All Pages