Description Of An Seasonally Adjusted Data

1668 WordsAug 19, 20157 Pages
Subject Code: ECON10003 Subject Name: Introductory Macroeconomics Student ID Number: 762224 Student Name: Laura Walker Assignment Name or Number: 1 TUTOR: Saqib Manzoor TUTORIAL: Tuesday 8:00am – 9:00am QUESTION ONE a. Seasonally adjusted data March quarter 2014 - March quarter 2015 December quarter 2014 - March quarter 2015 Australia 2.3% 0.9% United States 2.9% 0.14966% (≈0.150%) (Australian Bureau of Statistics, 2015) (Bureau of Economic Analysis, U.S. Department of Commerce, 2015) There is a slight difference in growth change over the past year for the US and Australia (by 0.6%). The difference between the respective levels of growth over the December quarter 2014 – March quarter 2015 is greater (0.89). Overall, economic growth patterns are similar between the US and Australia. b. Seasonally Adjusted data has been used: Australia United States Component of Expenditure With the Highest Rate of Growth for the Period December Quarter 2014 to March Quarter 2015 Exports of goods and services (at 5.0% pts) Gross private domestic investment (8.6%) Component of Expenditure With the Lowest Rate of Growth for the Period December Quarter 2014 to March Quarter 2015 Total public gross fixed capital formation (at -2.4% pts) Exports (-6.0%) Component of Expenditure Which Contributed the Most to GDP Growth for the Period December Quarter 2014 to March Quarter 2015 Exports of goods and services (at 1.1% pts) Gross private domestic investment (1.39% pts)
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