Question
Using the data below drawn from the Australian Bureau of Statistics (ABS), present relevant diagrams showing Australia's economic growth from September 2020 to June 2021.
Using the data below drawn from the Australian Bureau of Statistics (ABS), present relevant diagrams showing Australia's economic growth from September 2020 to June 2021. Describe the trend and examine some reasons behind the cyclical movements and their impact on each of the expenditure components of GDP. You are expected to use quarterly figures.
| Sep 20 to Dec 20 | Dec 20 to Mar 21 | Mar 21 to Jun 21 | Jun 20 to Jun 21 | ||
| Chain volume GDP and related measures (b) | GDP | 3.2 | 1.9 | 0.7 | 9.6 |
| GDP per capita (c) | 3.1 | 2 | 0.4 | 9.4 | |
| Gross value added market sector (d) | 3.5 | 2.1 | 1 | 10.3 | |
| Real net national disposable income | 5.5 | 3.4 | 2.1 | 17.3 | |
| Productivity | GDP per hour worked | -0.1 | 1 | -1.2 | -0.7 |
| Real unit labour costs | 6.7 | 0.3 | 0.2 | 6.3 | |
| Prices | GDP chain price index (original) | 1.4 | 3 | 3.3 | 7.5 |
| Terms of trade | 5.4 | 8.2 | 7 | 24.1 | |
| Current price measures | GDP | 4.4 | 3.7 | 3.2 | 16.4 |
| Household saving ratio | 12.2 | 11.6 | 9.7 |
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Schaums Outline Of College Physics
Authors: Eugene Hecht
12th Edition
1259587398, 978-1259587399
