Explain the impact on the four gdp expenditure

Assignment Help Macroeconomics
Reference no: EM132606855

Read the following modified extract and use the information to answer the following questions:

The Australian officials said the Gross Domestic Product would contract 7 percent in April -June, continuing the negative economic growth trend in the previous three months.

The government had massive stimulus spending to fight the pandemic, which has ravaged global trade and forced the shutdown of much of the country earlier in the year, crippling the economy.

The re-imposition of a six-week lockdown on five million people in Melbourne, the second-biggest city, has added to the struggles for a country already reeling from a prolonged drought and massive bushfires before the disease struck.

The A$289 billion in economic stimulus include support for workers, businesses and retirees.

(a) Using appropriate evidence from the article, explain the impact on each of the four GDP expenditure components.

Reference no: EM132606855

Questions Cloud

What is the growth in productivity : What is the growth in productivity as measured by the Solow growth residual?
Immigration of skilled workers : If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers
Find What the ending balance in the account? is : Equipment account was $4,000. The company purchased an additional $1,000 worth of Equipment. The ending balance in the account is
Stratification perpetuate systemic inequality : How does class stratification perpetuate systemic inequality? How does one's class determine their life chances?
Explain the impact on the four gdp expenditure : Read the following modified extract and use the information to answer the following questions:
Explain the emerging importance of Integrated Reporting : Explain the emerging importance of Integrated Reporting and discuss how Integrated Reporting can address the disclosure needs
Determine The ending balance of the account is : Office Supplies had a normal starting, There were debit postings of $120 and credit postings of $60 during the month. The ending balance of the account is
What is the Excess Present Value Index : Woodpecker Pipeline (WPP) is a contracting company that lays oil pipeline infrastructure. What is the Excess Present Value Index of the proposed machinery
Attitude change : Consider how different theories of attitude change address the likelihood of someone in Julie's dilemma changing her or his attitude or behavior.

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd