Analysis and conclusion. The impact ofeconomic growth of the Chinese economy onthe economy of Australia.Trading Economics and DFAT indicatethatChina comprises 36% of Australianexports of goods and services - Australianbiggest export market.1. Referring to your responses to Part C, whatis the likely impact on Australia's Real GDP,unemployment and exchange rate (AUD) ofthe performance of the Chinese economy inthe first half of 2020? Briefly explain.China: Economic data 2020JuneMarch1s Quarter2020September3rd Quarter2020December4th Quarter2020Indicator2nd Quarter2020+ 4.9GDP growth (% change in RGDP – annual, yoy)GDP growth (% change from previous qtr)Index of Consumer confidence% change in Manufacturing productionExports of g&s in US$ billionImports of g&s in US$ bllionNet Exports of g&s in US$ billionUnemployment rate (%)Inflation rate (%) – CPI (yoy)Change in Producer prices (%)Exchange rate (RMB per USD)- 6.8+ 3.2+ 6.5-9.711.63.02.6122.2112.6120.5124.0- 1.8+5.1+7.6+7.7477.9620.8712.7787.2464.4466.2554.4575.113.5154.6158.3212.15.95.75.45.24.272.511.730.27-1.5-3- 2.1-0.47.117.076.796.502.Refer to the data sheet for Australia 2020.Does the data support your conclusions in 1above for RGDP, unemployment and theAUD?

1. Given the pandemic,the first quarter of Chinese data is quite a dampener. However the numbers…

Analysis and conclusion. The impact of economic growth of the Chinese economy on the economy of Australia. Trading Economics and DFAT indicate thatChina comprises 36% of Australian exports of goods and services - Australian biggest export market. 1. Referring to your responses to Part C, what is the likely impact on Australia's Real GDP, unemployment and exchange rate (AUD) of the performance of the Chinese economy in the first half of 2020? Briefly explain. China: Economic data 2020 June March 1" Quarter 2020 September 3rd Quarter 2020 December 4th Quarter 2020 Indicator 2nd Quarter 2020 +3.2 GDP growth (% change in RGDP – annual, yoy) GDP growth (% change from previous qtr) Index of Consumer confidence % change in Manufacturing production Exports of g&s in US$ billion Imports of g&s in US$ billion Net Exports of g&s in US$ billion Unemployment rate (%) Inflation rate (%) - CPI (yoy) -6.8 + 4.9 + 6.5 9.7 11.6 3.0 2.6 122.2 112.6 120.5 124.0 - 1.8 +5.1 +7.6 +7.7 477.9 620.8 712.7 787.2 464.4 466.2 554.4 575.1 13.5 154.6 158.3 212.1 5.9 5.7 5.4 5.2 4.27 2.51 1.73 0.27 -3 - 2.1 6.79 Change in Producer prices (%) -1.5 -0.4 Exchange rate (RMB per USD) 7,11 7.07 6.50

Analysis and conclusion. The impact of economic growth of the Chinese economy on the economy of Australia. Trading Economics and DFAT indicate thatChina comprises 36% of Australian exports of goods and services - Australian biggest export market. 1. Referring to your responses to Part C, what is the likely impact on Australia's Real GDP, unemployment and exchange rate (AUD) of the performance of the Chinese economy in the first half of 2020? Briefly explain. China: Economic data 2020 June March 1" Quarter 2020 September 3rd Quarter 2020 December 4th Quarter 2020 Indicator 2nd Quarter 2020 +3.2 GDP growth (% change in RGDP – annual, yoy) GDP growth (% change from previous qtr) Index of Consumer confidence % change in Manufacturing production Exports of g&s in US$ billion Imports of g&s in US$ billion Net Exports of g&s in US$ billion Unemployment rate (%) Inflation rate (%) - CPI (yoy) -6.8 + 4.9 + 6.5 9.7 11.6 3.0 2.6 122.2 112.6 120.5 124.0 - 1.8 +5.1 +7.6 +7.7 477.9 620.8 712.7 787.2 464.4 466.2 554.4 575.1 13.5 154.6 158.3 212.1 5.9 5.7 5.4 5.2 4.27 2.51 1.73 0.27 -3 - 2.1 6.79 Change in Producer prices (%) -1.5 -0.4 Exchange rate (RMB per USD) 7,11 7.07 6.50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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