Data Australia burea of statistics real GDP data($bn) december 2022 Consuption 288 Investment 124 Government spending 126

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Data Australia burea of statistics real GDP data($bn) december 2022

Consuption 288

Investment 124

Government spending 126

Exports 122

Imports 105

1. From the data calculate the the level of GDP

2. If GDP was $541bn in the December quarter 2021, calculate the annual rate of economic growth in December 2022.

3. From the data what phase of the business cycle do you believe the Australia economy was in during December 2022 and why.

Related Book For answer-question

Fundamentals Of Biostatistics

ISBN: 9781305268920

8th Edition

Authors: Bernard Rosner

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Posted Date: Mar 12, 2024 01:47 AM

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Data Australia burea of statistics real GDP data($bn) december 2022 Consuption 288 Investment 124 Government spending 126

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Fundamentals Of Biostatistics

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