Explain The Three Levels Of Government In Australia

strength. In economics, GDP is an important index of a country 's economic health. It is important because each component of GDP will represent in daily life. In Australia, GDP growth dependent on its service sector, manufacturing and agriculture, in which the service sector accounted for the highest proportion of total GDP. Moreover, Australia is a country which has rich resources, and this become another economic growth point that different from other countries.

Describe the main role of the Reserve Bank of Australia and explain how Australia’s central bank uses monetary policy to influence the level of interest rates and economic activity in the economy. The importance and influence of the Reserve bank of Australia on the Australian economy Introduction The Reserve Bank of Australia plays a significant role to Australia’s financial market and economy as the central bank of Australia. The RBA operates in financial markets and presides over Australian’s

Introduction “Ambition must be made to counteract ambition ” This quote from James Madison refers to a democratic government where the Legislative, Executive and Judicial arms were ultimately created to work against each other to evoke compromise. In the Federalist, Madison examines the structure of the government as well as looks into the distribution of power amongst the three arms of the constitution. Madison also suggests that, “the accumulation of all powers, legislative, executive and judiciary

exchange rate with one country that has a floating rate and explain the impact of the fixed and floating rates. Introduction Prior to 1970, fixed, or say pegged exchange rate regime was adopted by almost all countries worldwide. Afterwards, some countries have gradually made the transition from fixed to flexible exchange rates, which allow currency to float

In the last three years, the Australian economic performance is dominated by economic downturns. Recently, Australia facing two crucial issues in their economy, those are increasing budget deficit and houses affordability. In the long term, those two issue can deteriorates the economy. By increasing budget deficit, it affect to a decrease in living standard because the future generation need to pay more tax for paying the debt. The government need to overcome new fiscal policy in order to maintain

In the last three years, the Australian economic performance is dominated by economic downturns. Recently, Australia facing two crucial issues in their economy, those are increasing budget deficit and houses affordability. In the long term, those two issues can deteriorates the economy. By increasing budget deficit, it affect to a decrease in living standard because the future generation need to pay more tax for paying the debt. As the housing prices goes higher and significantly overvalued, the

separation of powers has been compromised to a less extent in the nation like Australia. The first section will constitute in exploring the history and the significance of the separation of the power doctrine. In the second section I will discuss about the compromise of the doctrine, especially between the administrator and the legislature with some good cases held in high court. Besides, some clarification will be provided to explain how the philosophical system of separation of power is being compromised

0 3 2 1 0 2 4 6 8 Imagine initially that the two countries are not trading and that they are each producing at point ‘c’ and keeping all their produce for themselves. Do you think the two nations can benefit from specialization and trade? Explain your answer using the concept of comparative advantage and opportunity costs. First, identify the opportunity cost for each country in each good, and then say which country has a comparative advantage in which good. Note if both countries fully specialize

constitutions that distinctly describe the roles of each branch of government, both have elections regularly where the people elect other people to represent them, the rules and responsibilities for the executive government in carrying out the daily running of the nation are similar, and much more. But there are many more differences in these two systems that similarities. Some of the main differences are that the US is a republic, while Australia is a constitutional monarchy, and the US head of state is

Inflation Introduction Inflation is used to describe a sustained increase in the general price level for services and goods. When inflation increases, every dollar that an individual owns buys a lesser percentage or proportion of a service or good. In most cases, inflation is caused by an imbalance between supply and demand of money, changes in distribution and production cost, or when the level of tax imposed on products and services is increased. In times when a country’s economyexperiences inflation