Gross Domestic Product of Australia

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Essay #: 055810
Total text length is 5,891 characters (approximately 4.1 pages).

Excerpts from the Paper

The beginning:
Gross Domestic Product of Australia
Competitiveness of Australia’s Economy
Australia is in a strong economic position after 17 years of growth since 1992, averaging 3.3% per year (Department of Foreign Affairs and Trade - DFAT, 2009, p.1). The government has focused on economic stability over the past decade to good effect. In 2005 – 2006, net government debt was eliminated making Australia a net creditor nation and committed to a budget surplus of 1.8% of GDP (DFAT, 2009a, p.1).
Even during this global recession, Australia’s GDP is showing growth in 2008 – 2009 (.6% seasonally adjusted) with a total GDP of 920 billion US (Australian Bureau of Statistics, 2009a, p.1). With its secure economic standing, Australia is very competitive...
The end:
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International Institute for Management Development. (2009a). The
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International Institute for Management Development. (2009b). The
world competitiveness scoreboard. IMD Website. Retrieved
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