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1. Carefully explain the reasons behind the growth or decline of each of the variables in the 4 years period Australia. 2. Explain why these
1. Carefully explain the reasons behind the growth or decline of each of the variables in the 4 years period Australia.
2. Explain why these numbers are important to the people of Australia
Variables /year AUSTRALIA | 2018 | 2019 | 2020 | 2021 | Average per year |
Real GDP per capital | $54,609 | $56,015 | $57,427 | $58,855 | $56,716 |
GDP per capital growth rate | 2.3% | 2.4% | 2.5% | 2.6% | 2.4% |
Inflation rate | 1.9% | 1.8% | 1.7% | 1.6% | 1.8% |
Unemployment rate | 5.0% | 4.9% | 4.8% | 4.7% | 4.9% |
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