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1. With the the table below, generate the variable for Australia and India. Variables /year 2018 2019 2020 2021 Average for 4years Real GDP per
1. With the the table below, generate the variable for Australia and India.
Variables /year | 2018 | 2019 | 2020 | 2021 | Average for 4years |
Real GDP per capital | |||||
GDP per capita growth rate | |||||
Inflation rate | |||||
Unemployment rate |
2. define the following variables; Explain how each are determined and Explain why each variable is an important economic indicator
A. Real GDP/Person (represented by US Dollar) (B)
B. The growth rate of Real GDP per person (% change per year)
C. The inflation rate (%)
D. The unemployment rate (%)
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