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 1-Briefly explain how the following variables have changed and...

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 1-Briefly explain how the following variables have changed and...

 1-Briefly explain how the following variables have changed and affected the Australian economy since 2020.

A-Consumer price index

B-Official interest rate

C-Federal budget deficit

 

2-Explain two (2) indicators, other than GDP, that can more accurately measure the welfare of a nation.   

3-If you are an owner of two businesses, a fruit shop and a furniture shop.  Define business cycle and explain how and why changes in the business cycle affect the revenue of your two businesses differently.   

4-What indicator does the government use to predict economic changes over the next six months?  In your answer, explain two (2) variables used in this indicator. 

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Answered by roshani.kumari on coursehero.com
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