Question
Data Australia burea of statistics real GDP data($bn) december 2022 Consuption 288 Investment 124 Government spending 126 Exports 122 Imports 105 1. From the data
Data Australia burea of statistics real GDP data($bn) december 2022
Consuption 288
Investment 124
Government spending 126
Exports 122
Imports 105
1. From the data calculate the the level of GDP
2. If GDP was $541bn in the December quarter 2021, calculate the annual rate of economic growth in December 2022.
3. From the data what phase of the business cycle do you believe the Australia economy was in during December 2022 and why.
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Fundamentals Of Biostatistics
Authors: Bernard Rosner
8th Edition
130526892X, 978-1305465510, 1305465512, 978-1305268920
