Assignment BUECO 1509 Submission Link TASK DESCRIPTION: 'or Australia 1. Comment on its growth rates over the period of last ten years about 300 words. [5 marks] 2. Critically analyze the reasons for...

Answer 1.
Last 10 years growth rate of Australia:
Countries growth rate is calculated by its GDP which states that the concluding value of
the goods and services formed inside the topographical limitations of a country throughout a
stated period of time, usually a year. GDP growth rate is a significant pointer of the economic
presentation of a nation. Australia growth rate had lot of disparity in the last 10 years, it moves
lot of time to positive side as well as negative side, however GDP growth shows the overall
picture of the economic growth of the country and all over the world. GDP rate include all
agricultural, industrial and also inflation adjusted significance under it.
Growth rate in Australia from last 10 years:
In 2008, Australia GDP was at 1.5% while in 2009 it turns to the -0.5% as represented in the
above graph. In 2010 again its move to the positive side and go back to the 0.5% and after the
one year’s its moves to the -0.25%. It is as follows:
Year GDP Rate Percentage change
2008 1.50%
2009 -0.50% -133%
2010 0.50% 200%
2011 -0.25% -150%
2012 1.25% 600%
2013 0.25% -80%
2014 1% 300%
2015 1.25% 25%
2016 0.50% -60%
In 2011, Australia GDP was at -0.25% while in 2012 it makes positive turns to the 1.25% , after
a year in 2013 its move down turns but it was in the positive side and go back to the 0.25% and
after the one year, in year 2014 its moves to the 1%. After wards in year its moves upward and
in positive side, 2014 its was 1.25% and 2016 it was 0.50%. There could be lot of causes for the
variation in the growth rate of Australia, such as employment rate, government policies, supply
and demand of the commodities and foreign exchange rate.
Answer 2.
The Australian budget is droning; record its 20th successive quarter of development in
the first three months of the year, confe
ing to data unconfined by the Australian Bureau of
Statistics (ABS).
Real gross domestic product (GDP) grew by 1.1% in Q1 in seasonally accustomed chain
capacity footings, near sighted the year on year growth rate go faster to 3.1%, the fastest stride
got meanwhile the September quarter 2012.
Marketplaces had been expectant the year on year growth rate to sluggish to 2.8%,
subsequent a descending amendment to Australia’s Q4 2015 GDP number which was cut to
2.9% from 3.0% described previously.
Australian GDP Growth Performance:
In the ten years beforehand the great recession, from 1999 to 2008, Australia’s GDP
produced 3.4% on normal per year. Economic development slowed to 1.6% in 2009 as a
consequence of the worldwide fiscal turmoil. Even though 2009 was the poorest year for the
Australian budget meanwhile the slump in 1991, the economy presented great pliability to the
global crisis. In actual fact, Australia was one of the few industrialized nations that detailed
optimistic in 2009. Australia’s financial presentation enhanced...