1. Gross fixed capital formation (GFCF) (investment) one of the most volatile components of GDP. In a diagram, show the movement of private and public GFCF of Australia over 2005 and 2024

2.a) Australia is experiencing its lowest unemployment rate in almost half a century. Compare the employment and unemployment rates in 2008, 2020 and 2024 (March).

b.However, according to Adam Creighton of the Guardian on 30 may 2017, "Real jobless rate well above 20.Discuss the basis for this assertion. reason for this claim. Explain why measuring hidden unemployment in an economy is challenging.

Private GFet Gooffecibut of deflation - GF GF ( RC GFCF 2080 2002 2004 2004 2010 2013 207# 2016 Public 9 FCF 2 20 COP 10 0- 0 - Gross private formation che S - Gross Prittre formation Rhe 149 1 1493 1443 1494 1995 494 2 8K 200 9 2006 200* 2010 201