Studybay uses cookies to ensure that we give you the best experience on our website. By continuing to use Studybay you accept our use of cookies view more on our Cookie Policy
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates! Check price for your assignment
12 bids submitted. Essay Example.

# Economics - Economics, Reports

Part B Question 1 Obtain the real GDP series of the Australia economy from 2000 to 2016. (You may find this in the ABS website or the RBA website). Plot the series and briefly describe what you observed. Calculate the economic growth rate over this same period and graph the growth series. Give a brief discussion of the economic growth rate you have observed. Discuss three factors that you may think of that had contributed to the growth rate over this period. (20 marks) Question 2 a) The following question is taken from Layton el al.p341. Consider this statement: ‘When the average level of prices of goods and services rises, the inflation rate rises. Do you agree or disagree with this statement? Explain. b) Assume that in January, 2014 you invested \$5000 in a bank deposit that was paying a nominal interest rate of 4.5% p.a. A year later, you withdrew your investment. Over this period, the inflation rate was 2.1%. Calculate the actual amount you will receive. c) The following table shows the CPI figures for Australia from the December quarter of 2012 until the December quarter of 2016. Calculate the inflation rates over this period and briefly explain what you have observed. (You need to show your workings). What was the annual inflation rate for 2016? Week 12 20% School: Business, Innovation and Entrepreneurship Department: Business, Management and Finance Semester 1 2017 Page 5 of 7 pages d) Using December 2013 as the base quarter, explain what happened to the purchasing power of the dollar in March 2015. (3 + 5 + 5 + 2 = 15 marks) Question 3 (a) Using the AD-AS framework, explain the impact of a cut in personal income taxes on the economy. What type of a policy is a cut in personal income taxes? (b) If we assume that the RBA is concern about the consequences of the income tax cuts, what sort of policy should the RBA pursue? Using the AD-AS framework, explain the consequences of this policy on the economy. (15 marks) TOTAL MARKS FOR PART B: 50 marks plus 5 marks for Referencing, Structure and presentation (20%). (1000 words)
Part B Question 1 Obtain the real GDP series of the Australia economy from 2000 to 2016. (You may find this in the ABS website or the RBA website). Plot the series and briefly describe what you observed. Calculate the economic growth rate over this same period and graph the growth series. Give a brief discussion of the economic growth rate you have observed.
Assignment ID
283044
Discipline
Type
CREATED ON
8 October 2017
COMPLETED ON
9 October 2017
Price
\$30
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates!
Summary
Reports, Economics
Price 30 \$
The real economy in the long run
Reports, Economics
Price 30 \$
Hkr assignment
Reports, Economics
Price 30 \$
Executive bried
Reports, Economics
Price 30 \$
Report
Reports, Economics
Price 30 \$
Reports, Economics
Price 30 \$
Microeconomic analysis report
Reports, Economics
Price 30 \$
Reports, Economics
Price 30 \$
Studybay assignment progress timeline
Studybay is a freelance platform where you can order a Economics - Economics, Reports paper, written from scratch by professors and tutors.
8 October 2017
User posted an order for Economics
8 October 2017
12 writers responded
8 October 2017
User contacted writer
8 October 2017
User hired writer
9 October 2017
Writer completed order Economics - Economics, Reports for 1 day, meeting the deadline
9 October 2017
User accepted the job right away and completed the payment
9 October 2017
User left a positive review
The Globalization Of Junior Culture Cultural Studies Essay
Cultural Studies In their article 'The Glocalization of Children Culture: The Global Youngsters Segment as Structures of Common Difference', Kjeldgaard...
Murder Of Duncan In Macbeth
English Literature Keywords: three witches prophey, macbeth murder duncan, woman macbeth manipulation Duncan's murder, in the play Macbeth by William...
Its Uk Health And Beauty Procedure Marketing Essay
Marketing The reason for this report is to investigate boots competitive advantage onto it rivals like the impact of the new information...
Summary ON THE Midnight Embrace English Literature Essay
English Literature In the storyline on the Midnight Embrace Lord Albert is a greedy, thoughtless, pig of a man when you can call him a guy by any means....
Other assignments in this discipline
Case study: use of game theory to maximize profits
Research Paper, Economics
Price 40 \$.
Common sense economics
Research Paper, Economics
Price 40 \$.
Active learning assighnment
Coursework, Economics
Price 40 \$.
Environmental law
Research Paper, Economics
Price 40 \$.
The real risks of trump’s steel and aluminum tariffs
Coursework, Economics
Price 40 \$.
Principles of macroeconomics
Essay, Economics
Price 30 \$.
Economics essay
Essay, Economics
Price 30 \$.
Coursework, Economics
Price 40 \$.
Urgent eco in less than 24 hours please
Other types, Economics
Price 40 \$.

4.9
quality
rating
3
reviews