Answers :- INTRODUCTION Notably, the Australian agriculture industry contribution to the country’s 2016-17 gross domestic product has largely improved. The Australian agriculture industry contributed 0.9 percent out of the 1.9 percent growth rate (Johnson 2017).Over the years, there has been profound changes in the Australian agricultural industry. The reforms have positively and negatively impacted the Australian agricultural performan...Read More >>
Answer: Introduction Australia has over the decades, developed significantly in all the sectors, thereby emerging as not only one of the most developed countries across the globe but also one of the most influencing economies in the global framework. The economy of the concerned country has gradually developed and prospered significantly with time, much of which can be attributed to both the developments intrinsic to the country like th...Read More >>
Answer: Introduction: Economic growth represents increase in market value of products of an economy after adjusting inflation over a long period. This growth can be obtained through measuring the percentage rate of increase of real GDP of the country (Schandl et al. 2016.). Hence, to analyse economic growth of Australia, it is essential to measure real gross domestic product (GDP) of this specified country as it can help to evaluate the perfo...Read More >>
Answer: The following Gross Domestic Product analysis and economic growth is shown below over the last five years under various industries in Australia. Australian economy is among the fastest growing economy globally compared to other nations (Burdack, 2014, p. 133). By the year 2016 and over the last five years, the growth rate of Australian economy continued to show an improvement annually (Perth, 2012, p. 214). The increase and development...Read More >>
Question: Assignment Tasks The assignment task is a written analysis of any published article regarding the Australian Market (newspaper, magazine or website) from 01 Jan 2020 and onwards. Your task is not to research and provide data. You are instead ask to analyse an event using your knowledge of economic principles. You will be required to apply the economic concepts you have learned in class to interpret events reported in your arti...Read More >>
Question: 1. Stated below are 8 Economic Principles that we have covered in this unit. Select any 2 (out of 8) and explain the application of the principle by providing real life examples. Principle 1: People face trade-offs. Principle 2: The cost of something is what you give up to get it. Principle 3: Rational people think at the margin. Principle 4: People respond to incentives. Principle 5: Trade can make everyone better off. Prin...Read More >>
Task: Assessment Type This is strictly required to be your own original work. Plagiarism will be penalised. Students are required to apply the theories and knowledge derived from the unit materials, demonstrate critical analysis and provide a considered and comprehensive evaluation. Students must use correctin-text citation conventions. Purpose of the assessment and linkage to ULO. This assignment is designed to assess your level of knowledge...Read More >>
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