Macroeconomics

2009-2014

SOURCES: HTTP:/ /ZH.TRADINGECONOMICS.COM/AUSTRALIA/POPULATION

Population:23,481,390

Aggregate DemandAD=C+I+G+(X-M)

1.CONSUMPTION (2009-2014)

Reference:http://zh.tradingeconomics.com/australia/consumer-spending

2.Government spending(2009-2014)

Reference:http://zh.tradingeconomics.com/australia/government-spending

3.Investment

Reference:http://www.firb.gov.au/content/Publications/AnnualReports/2009-2010/Chapter4.asp

4.Net export (X-M) Export of goods and services(2009-2014)

Reference:http://zh.tradingeconomics.com/australia/exports

Imports of good and services(2009-2014)

Reference:http://zh.tradingeconomics.com/australia/imports

Aggregate Supply(short run) Cost of production(2009-2014)

Sources: http://zh.tradingeconomics.com/australia/producer-prices

• Price of raw materials

sources :http://www.grouptradeuk.com/australias-official-2013-iron-ore-and-coking-coal-outlook/

• Price of labour(2009-2014)

Sources:http://zh.tradingeconomics.com/australia/labour-costs

• Levels of tax and subsidies(2000-2014)QUARTERLY GOODS AND SERVICES TAX REVENUES ($MILLIONS) SINCE 2000

Sources:http://en.wikipedia.org/wiki/File:ABS-5206.0-AustralianNationalAccounts-NationalIncomeExpenditureProduct-TaxesCurrentPrices-GoodsServicesTax-A2302199T.svg

• Subsidies(2009-2012)

SOURCES:HTTP: / /DATA.WORLDBANK.ORG/INDICATOR/GC.XPN.TRFT.CN

2009 2010 2011 2012230000

235000

240000

245000

250000

255000

260000

265000

270000

275000

subsidies in autralia

subsidies in autralia

Aggregate supply(long run)• AVAILABLE LAND AND RAW MATERIALS

• Quantity and productivity of labour(2009-2014)

• Quantity and productivity of capital The level of entrepreneurship in the economy