BUS700 Economics

Published : 25-Sep,2021 | Views : 10

Question:

Obtain data on key macroeconomic indicators: real GDP, interest rates, unemployment rate, CPI and inflation rate, exchange rate, exports and imports.
Produce summary statistics (in tabular form) of real GDP growth rates, inflation rates,unemployment rates, exchange rates, real interest rates and the rate of change of net exports (NX) and briefly comment on each variable.
Produce pair-wise graphs of real GDP growth rates, inflation rates, unemployment rates,exchange rates, real interest rates and the rate of change of net exports (NX).
Use the information obtained in (2.2) and (2.3) above to answer the following questions: Critically analyse and discuss plausible economic explanations, including the role of government policy (fiscal or monetary), for the salient relationships between real GDP growth and other indicators.
Based on your summary statistics, graphs and analysis and discussion above, write a short prediction of the macroeconomic outlook of Australia. Is Australia likely to experience a recession or expansion soon.

Answer:

1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	Estimates Start After
1,032.81	1,065.70	1,092.21	1,136.28	1,170.02	1,217.55	1,256.37	1,290.22	1,348.12	1,383.52	1,407.90	1,440.23	1,478.79	1,531.36	1,562.07	1,604.05	1,643.25	1,690.41	2015
1.408	4.457	4.407	3.049	2.763	2.309	2.659	3.554	2.356	4.348	1.77	2.863	3.356	1.686	2.475	2.464	1.532	1.31	2015
8.356	7.947	-5.051	11.016	11.278	15.068	9.158	8.352	12.852	10.779	-8.824	15.188	11.117	6.141	-1.761	-1.69	1.678	0.266	2015
4.493	11.2	2.913	0.448	-1.341	3.6	3.055	3.18	3.091	3.501	2.327	5.782	0.069	5.784	5.902	6.707	5.955	6.027	2015
6.867	6.292	6.767	6.367	5.925	5.392	5.033	4.775	4.35	4.242	5.567	5.208	5.067	5.217	5.65	6.067	6.075	5.712	2015
-3.863	3.253	7.964	-10.568	-12.619	-11.468	-6.103	-5.172	-9.761	-7.278	11.151	-9.406	-11.048	-0.357	7.663	8.397	4.277	5.761