Topic: Evaluation of Macroeconomic performance of Australia. Task Details: Students will complete a research-based analysis and evaluation of the macroeconomic performance of Australia from 1990 to 2015/16. 2. Students will follow the following procedure 2.1 Obtain data on key macroeconomic indicators: real GDP, interest rates, unemployment rate, CPI and inflation rate, exchange rate, exports and imports. 2.2 Produce summary statistics (in tabular form) of real GDP growth rates, inflation rates, unemployment rates, exchange rates, real interest rates and the rate of change of net exports (NX) and briefly comment on each variable. 2.3 Produce pair-wise graphs of real GDP growth rates, inflation rates, unemployment rates, exchange rates, real interest rates and the rate of change of net exports (NX). 2.4 Use the information obtained in (2.2) and (2.3) above to answer the following questions: Critically analyse and discuss plausible economic explanations, including the role of
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