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Find the Australian Bureau of Statistics ABS 5204.0 Australian System of National Accounts 2019-20 on the internet, on the Data Download tab. click the link

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Find the Australian Bureau of Statistics ABS 5204.0 Australian System of National Accounts 2019-20 on the internet, on the "Data Download" tab. click the link to download the MS Excel spreadsheet for . Table 2. Expenditure on Gross Domestic Product (GDP) On this page Data downloads Time series spreadsheets 2019 20 kry Sigures All time series spreadsheets Download ZIP 2019-20 poorom Table 1. Key national accounts aggregates Download XLS 2018-19 supply and wise tables Table 2. Expenditure on Gross Domestic Product (GDP) Download X15 From Table 2 Collect for Jun-1975 to Jun-2020: General government ; Final consumption expenditure: Chain volume measures ; Households ; Final consumption expenditure: Chain volume measures ; . . Private ; Gross fixed capital formation: Chain volume measures ; Planned Investment IP . Public ; Gross fixed capital formation: Chain volume measures ; Government Investment IG Changes in inventories: Chain volume measures ; Ainv Exports of goods and services: Chain volume measures ; X . . . Imports of goods and services: Chain volume measures ; M Statistical discrepancy (E): Chain volume measures ; SD GROSS DOMESTIC PRODUCT: Chain volume measures ; GDP Note that: Real GDP: GDP = C + P+ PG + Ainv + G + X - M + SD . Real Aggregate Expenditure AE = GDP- Ainv = C+ IP + /Pc+ G + X-M + SD a. Produce a Table showing the annual percentage change in each component of GDP (C, IP, IG, Ainv, G, X, M, SD, AE and GDP for June 2018 to June 2019 and June 2019 to June 2020. (20 marks) b. Compare the % change in Aggregate Expenditure (AE) and the % change in real production (real GDP). Why did inventories fall from June 2018 to June 2019 and June 2019 to June 2020? (10 marks) C. What was the effect of four months of Covid from March 2020 to June 2020 on the Australian economy? Which components of GDP contributed to the change

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