BUS700 MACROECONOMICS: INDIVIDUAL ASSIGNMENT

a. Calculate the GDP for both countries.

b. Discuss the usefulness of these data in deciding which, if any, of

these two countries is likely to be experiencing an economic

recession. 

 

Obtain Australia`s real GDP and CPI data from 1980 to 2015. Calculate

the annual growth rates of real GDP and inflation and graph both series

together. Is/are there some interesting or salient relationship(s) between

those two series? Provide and discuss plausible economic explanation(s),

including change in economic events and change in government policy,

for the relationship(s) you identified. 

 

Obtain Australia`s real GDP and unemployment data from 1980 to 2015.

Calculate the growth rates of real GDP and unemployment and graph both

series together. Is/are there some interesting or salient relationship(s)

between those two series? Provide and discuss plausible economic

explanation(s), including change in economic events and change in

government policy, for the relationship(s) you identified. 


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