This is the task;

Record yourself delivering a short oral/video presentation (30 seconds to 1 minute in duration). In this recorded component of your presenta-on, briefly explain:

What is your indicator?

Where did you source your data from?

What does your graph illustrate what has happened to this indicator over time?

My answer;

This graph shows the level of National GDP sourced from Our World in Data

in Austalia from 1983 when the Austalian dollar was first floated to 2017.

In this data set GDP has been adjusted for inflation and price difference between countries.

There are two ways we can adjust Nominal GDP for price change to get the Real GDP

The first is to use what is called a GDP Deflator which tracks price change over time within a country by using the Paasche Index to indicate price level change in relation to GDP.

Another way we can account for price change is through the consumer price index which uses abasket of commonly consumedgoods inclusing imports within a country to indicate the level or rate of change in prices from a base year.

These indicate the rate of price level changes or inflation.

In this graph we can see that over the time period we have had overall consistent growth in GDP exception of the recession in 1990, inpacts of the global financial crisis in 2009 and a short slump in growth in 2015 marking the end of the mining boom resulting in a reduction in international investment.

Over time we can see that austalia has experienced 26 years of economic growth since the 1991 recession largely due tohuge mining ivestment and exports

Just wanting some feedback to refine my answer and make it more concise and cover all topics