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The aim of this assignment is to examine the macroeconomic performance of some key economies throughout the world using a few of the macroeconomic indicators
The aim of this assignment is to examine the macroeconomic performance of some key economies throughout the world using a few of the macroeconomic indicators we have studied. This assignment will also look at the impact that the rising value of the Australian dollar is having on our economy and explore some of the forces behind its recent strength. Lastly, the assignment will examine the way our central bank, the Reserve Bank of Australia (RBA), has responded to the global economic fallout from the COVID-19 pandemic and use the AD-AS model to examine such policy measures. As a guide, you will find the following chapters from your prescribed textbook, Hubbard et ai.{2018) useful: Chapters 10 8: 12 and indirectly the concepts, definitions and discussions from Chapters 4, 7 8: 8. Question 1 (i) Data collection and presentation {3 marks) Collect the following time-series data for the period (2006 to 2019, or 2020 if available): - Real GDP growth rate (RGDP growth, annual 96) - Inflation rate (consumer prices, annual %) - Unemployment rate (annual, % of labour force) for Australia, United States and India. Using MS Excel, create 3 separate line charts (one for each country) displaying the 3 time-series (RGDP growth, ination rate, Unemployment rate)
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