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please identify the two or three key things you have identified when examining the combined information from all three tasks. Important Conclusions The above tables
please identify the two or three key things you have identified when examining the combined information from all three tasks.
Important Conclusions The above tables show an extensive analysis of economic growth and trade indicators between Australia and selected countries: ndia, China, the United kingdom (UK), and the United States of America (USA). With a Real GDP growth rate of 7.2% year over year, India leads the way, followed by the UK at 4.1% year over year, China at 3.0% year over year, and the USA at 2.1% year over year. A GDP per capita of $25,463 leads China with $17,886, India with $3,390, and the UK with $3,082 in terms of GDP per capita. China has a positive current account balance at 2.2%, while the UK and USA both have negative current account balances, while India has a negative current account balance of 2.0%. China is Australia's largest trading partner in terms of exports and imports, with total exports of $203.5 billion AUD and imports totalling $113.4 billion AUD (Table 1.3). Australia has a total export of $32.6 billion AUD and a total import of $62.1 billion AUD from the USA, 5 Natasha Lee 11732928 MGT340 - Assignment 1 which is the second largest trading partner (Table 1.5). Australia has a total export of $32.6 billion AUD and a total import of $62.1 billion AUD from the UK (Table 1.4). There is a surplus in Australian trade with India and China, while it has a deficit in trade with the UK and USA. In addition to coal, iron ores, and natural gas, Australia exports a lot of education-related travel to these countries as well. Australia imports a wide range of goods, from professional, technical, and other business services to recreational travel. These findings suggest that Australia's economy relies heavily on trade, especially with China and the USA, within an international context. Australia's largest trading partner, China, has a trade surplus, which is an indication of a strong economy. However, there are concerns about the UK's and USA's trade deficits. In a trade context, these data could inform strategies to balance trade, such as diversifying export markets or import sources, or negotiating favourable trade agreements.Section 2 - Culture(s) and Religion(s) India Culture: There are many customs, traditions, and rituals found in Indian culture. It involves many forms of religion. Indian society is traditionally divided into castes. Festivals like Diwali, Holi, Eid, and Christmas are celebrated with great enthusiasm. Religion: In terms of religion, Hinduism is the most prevalent, followed by Islam, Christianity, Sikhism, Buddhism, and Jainism. Education: Primary, secondary, and higher education are all highly valued, with English commonly being used as a language of instruction. Language: The official languages of India are Hindi and English. However, there are 21 other languages recognised by the government, including Bengali, Telugu, Marathi, and Tamil. 6 Natasha Lee 11732928 MGT340 - Assignment 1 China Culture: China's culture is one of the oldest in the world, with traditions in arts, literature, philosophy, and cuisine. Confucianism greatly influences social structures and moral standards. Religion: The three major religions of the Chinese are Buddhism, Taoism, and Confucianism. However, Chinese traditional religion also comprises several other beliefs. Education: Mandarin is the common language of instruction. Education is compulsory, and placement at university is highly competitive. anguage: Other dialects including Cantonese and Shanghainese are also spoken. Mandarin is the official language.United Kingdom Culture: There is a distinct regional culture that has influenced British culture over the centuries. The UK is renowned for its literature, theatre, music, and sports. Religion: Most of the population are Christians, especially in the Anglicanism tradition. Other religions include Islam, Hinduisms, Sikhism, Judaism, and Buddhists. Education: The English language is the medium of instruction in the country's elementary, secondary, and higher education systems. Language: This country's official language is English. USA Culture: Known for its movie, music, and sports culture, American culture is a blend of elements from Native American, African, Asian, and Latin American cultures. Religion: In terms of religion, Christianity is the most prevalent religion, followed by Judaism, Islam, Buddhism, and Hinduism. 7 Natasha Lee 11732928 MGT340 - Assignment 1 Education: A compulsory education system includes primary, secondary, and higher education, in English. Language: There is an official language of English as well as Spanish widely spoken in the country.Section 3 - Political and Legal Systems India A federal parliamentary democratic republic, India consists of a President who is the head of state and a Prime Minister who heads the government. Elections are held every five years. Citizens aged 18 and over have the right to vote. As a branch independent of the executive and legislative branches, the judiciary is headed by the Supreme Court. As a result of the Constitution of India, the Indian legal system is based on the separation of powers among government's three branches. China The Communist Party of China (CPC) governs China as a socialist republic. The president is the head of state and the premier is the leader of the government. The National People''s Congress (NPC), the highest state body, is elected every five years, but only CPC members may run for office. There is no separation of powers in the Chinese judicial system. The Constitution of the People's Republic of China governs the legal system. United Kingdom (UK) With a parliamentary system, the United Kingdom is a constitutional monarchy. All citizens aged 18 and over are eligible to vote in elections at least every five years. The monarch is the head of state, while the prime minister is the head of government. It has no written constitution; instead, its legal system is based on statute law, commaon law, and conventions. The judiciary is independent of both the executive and legislative branches. USA Federal presidential constitutional republic: The United States is a federal presidential constitutional republic in which the President serves both as the head of state and as the government's head. Elections are held every four years for the presidential office and judiciary is independent of both the executive and legislative branches. According to the Constitution of the United States, the three branches of government are separated by the separation of powers |Step by Step Solution
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