Assignment Task: Visit the ABS website to collect information on GDP, CPI and Unemployment statistics for March quarter of 2022 and December Quarter of 2021, and utilize the information to complete the following tasks:
A. Summary of the indicators and objectives
- Full employment and unemployment measurement
- Price stability and inflation (CPI) measurement
- Economic growth and GDP measurement
B. Statistics between for December 2021 compared March 2022
- Summary of statistic and why? make sure you discuss the Australian events especially the pandemic or anything else eg war in Ukraine.
- What has the government done as a result of these statistics? State the policy
C. Summarize on the AD/AS model