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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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