Describe, Compare and Contrast the Economies of Australia and The Netherlands
Some Variables to Describe an Economy
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GDP |
GDP – real, PPP |
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GNP |
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GDP/capita |
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Growth |
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Makeup = C + I + G + NX |
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Makeup - sectors |
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Makeup – industries |
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Makeup – labour/capital |
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Income distribution |
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Population |
Total |
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Demographics |
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Workforce |
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Special characteristics |
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General |
Resource endowment |
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Developed factors |
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Comparative advantages |
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Employment |
Unemployment |
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Location of labour |
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Hours worked/year |
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Special issues |
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Trade |
Total trade |
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Trade as %GDP |
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Trade balance |
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Nature of X |
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Nature of M |
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Principal M suppliers |
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Principal X customers |
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Aspects of protection |
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Principal competitors |
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Finance |
Budget surplus/deficit |
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Total government debt |
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Private overseas debt |
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Debt servicing as %GDP |
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Taxation revenues/sources |
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Fiscal policy overall |
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Government investment |
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National savings rates |
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Monetary |
Inflation rate – CPI |
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Inflation rate – GDPD |
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Interest rate |
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Money supply |
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ER/finance |
Type of ER mechanism. |
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Nominal exchange rate |
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Real exchange rate |
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Current account balance |
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Capital inflow/outflow |
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FDI levels in and out |
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Nature of FDI target |
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FDI as %GFCF |
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Other |
HDI variables |
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Energy etc – ‘footprints’ |
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1 3/10/2006