Highlights
Assume you are a cadet economics journalist and you have been asked to draft three separate articles which provide readers with an analysis of the Reserve Bank decision. In your three articles address the following questions, by writing a separate article for each question.
Article 1:
The statement refers to “downside risks to the global economy”. Discuss at least two of the possible risks to which you think the Reserve Bank is referring.
Article 2:
a) What happened to economic growth in Australia between June 2019 and September 2019?
b) When you have accessed the Australian National Accounts, click on the “Expenditure chain volume measures” from the right-hand menu. Use the figures provided to discuss how the different sectors of the economy contributed or detracted from economic growth over the year September 2018 to September 2019.
Article 3:
Some commentators have argued that the government should increase the “Newstart” payment for unemployed people. See for example,
With the aid of an aggregate expenditure diagram, explain the impact that an increase in this transfer payment would have on the economy. In the article include your opinion and argue why you think this change should occur or not.
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