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ECHI1006 The Australian Economy

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Question

Working individually, conduct research on the economic performance of one country over the last ten years, from 2005 to 2014, applying the macroeconomic indicators of real GOP, real GDP growth rate, real GDP per capita , unemployment rate and inflation rate to argue whether you think the performance to be strong or weak. 

The strength of a country's economy can be determined through careful examination of macroeconomic indicators such as real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate. In your essay, analyse the economic performance of one country, over the last decade (from 2005 to 2014), using data on the macroeconomic indicators; argue whether you think the performance is strong or weak. 

Discuss the performance of the economy over those ten years and provide evidence and explanations for the economic performance such as a high unemployment rate, high inflation rate and/or steady, long-term economic growth. Where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth. 

Your analysis should include an in-depth discussion on the performance of the economy and provide explanations for economic results as revealed by the macroeconomic indicators; where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth. Support your evaluation with researched evidence.
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