Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Explain the current state of the Australian economy. Analyse how the growth of the Australian economy has been affected by COVID-19. Analyse the impact of

  1. Explain the current state of the Australian economy. Analyse how the growth of the Australian economy has been affected by COVID-19. Analyse the impact of the four federal grants (you have to choose) on the performance of the Australian economy. Use relevant statistical data, graphs and diagrams to support your arguments.
  2. Compare these with similar grants offered in another country (which you may choose). (You can obtain the information from official or academic sources; a few of them are mentioned below. You should obtain information from other sources in addition to the ones stated below.

(a) Australian Bureau of Statistics (b) Reserve Bank of Australia (c) Multinational agencies (e.g. the World Bank, the United Nations, the International Monetary Fund, or the OECD). (d) Treasury.gov.au )

Explain whether your chosen country has similar grants. Compare and contrast whether Australia and your chosen country have benefitted from grants. Explain whether or not the grants have affected aggregate demand and aggregate supply in Australia. Use relevant statistical data, graphs and diagrams to support your arguments.

3.What further recommendations would improve Australian economic growth, using the macroeconomic concepts? These recommendations should be in addition to what has been discussed (in answers to above questions) and should demonstrate your understanding of macroeconomic concepts.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Basic Statistics

Authors: Charles Henry Brase, Corrinne Pellillo Brase

6th Edition

9781111827021

Students also viewed these Economics questions