Refer to the statistics provided below and at the various links

    Refer to the statistics provided below and at the various links

    provided

    1. Real GDP Grow % as available at http:llwww.dfat.gov.aulgeolfslaust.pdf

    2007 2008 2009 2010 2011 (a) 2012 (b)

    Real GDP

    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
    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-1212.html

    RBA Money Aggregates December

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-1112.html

    RBA Money Aggregates November

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-1012.html

    RBA Money Aggregates October

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O912.html

    RBA Money Aggregates September

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O812.html

    RBA Money Aggregates August

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O712.html

    RBA Money Aggregates July

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O612.html

    RBA Money Aggregates June

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O512.html

    RBA Money Aggregates May

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O412.html

    RBA Money Aggregates April

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O312.html

    RBA Money Aggregates March

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggI2012lfln-agg-O212.html

    RBA Money Aggregates Feb

    2012

    http:llwww.rba.gov.aulstatisticslfrequencylfln-aggl2012lfin-agg-O112.html

    RBA Money Aggregates Jan 2012

    3. Inflation

    rates

    http:llwww.rba.gov.aulinflationlmeasures-cpi.html

    4. Unemployment rates
    http:llwww.tradingeconomics.comlaustralialunemployment-rate

    Required:

    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
    economic indicator.

    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
    answer.

    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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