N2

1. What was the state of the economy before the COVID-19 pandemic in Australia ?

[Provide some insights into the overall state of Australia's economy before the COVID-19 pandemic was declared in March 2020. Refer to relevant macroeconomic indicators to support your observations, including GDP, unemployment and inflation. Clarify the difference between Nominal and Real GDP, and explain how GDP is connected to unemployment and inflation.]

[As part of your profile of this economy, identify what are the largest or most important industries for this country's economy.]

[Be sure to cite all your data sources. Provide the full details of your sources in the References list at the end of this template document.]