Describe, Compare and Contrast the Economies of Australia and The Netherlands

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some_macroeconomic_variablesdoc_1.

Some Variables to Describe an Economy

GDP

GDP – real, PPP

GNP

GDP/capita

Growth

Makeup = C + I + G + NX

Makeup - sectors

Makeup – industries

Makeup – labour/capital

Income distribution

Population

Total

Demographics

Workforce

Special characteristics

General

Resource endowment

Developed factors

Comparative advantages

Employment

Unemployment

Location of labour

Hours worked/year

Special issues

Trade

Total trade

Trade as %GDP

Trade balance

Nature of X

Nature of M

Principal M suppliers

Principal X customers

Aspects of protection

Principal competitors

Finance

Budget surplus/deficit

Total government debt

Private overseas debt

Debt servicing as %GDP

Taxation revenues/sources

Fiscal policy overall

Government investment

National savings rates

Monetary

Inflation rate – CPI

Inflation rate – GDPD

Interest rate

Money supply

ER/finance

Type of ER mechanism.

Nominal exchange rate

Real exchange rate

Current account balance

Capital inflow/outflow

FDI levels in and out

Nature of FDI target

FDI as %GFCF

Other

HDI variables

Energy etc – ‘footprints’

1 3/10/2006