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澳洲留学生作业范文

论文作者:留学生论文论文属性:议论文 Argument Essay登出时间:2010-07-15编辑:steelbeezxp点击率:9361

论文字数:2000论文编号:org201007152144282452语种:英语 English地区:中国价格:免费论文

附件:澳洲留学生作业范文.pdf

关键词:澳洲留学生作业范文

澳洲留学生作业范文.doc
Topic 6
1. Where in the business cycle do you think Australia currently sits? Justify your assessment?
The business cycle refers to the periodically repeated process of the expansion and contraction of the overall economic activities. Every business cycle can be divided into rise phase and fall phase(Lawrence, 2008).
 
Figure 1. The stage of business cycle
According to the theory of business cycle, the business cycle can be measured by gross domestic product, inflation, income for householders and the unemployment rate. Gross domestic product is the money value of all final goods and services produced within a country in a given period of time (Sloman & Norris 2008). According to the forecast by the Economist Intelligence Unit, the economic growth in Australia is 2.9% (from 3.1% previously) in 2008 and to 2.5% (2.7% previously) in 2009 (Rich, 2008). According to Trading Economics 2008, the average GDP in 2007 was 3.9 percent, which was 1.2 percent higher than year 2006.at the same time, the investment growth in 2007 slowdowns in some sectors (Rich, 2008). So we can draw a conclusion that in the business cycle, currently Australia sits the peaking out phase, which economic growth become slower or even ceases.
 2. Over the last decade Australia has experienced a long period of economic growth. What have been the implications of this growth for the tourism and hospitality industries in 2007 and early 2008?
Economic growth is an increase in the nation's capacity to produce goods and services. It is illustrated by an economy’s expansion in production over time, and measured by change in real Gross Domestic Product (Sloman & Norris 2008). The factors, which determined the economic growth, are as follows: First, investment volume. Under normal circumstances, the volume of investment and economic growth is directly proportional. Second, the volume of labor. In the number of workers with the means of production, structure suited to the conditions, and the number of workers is directly proportional to economic growth. Third, productivity. Productivity is using efficiency of resources (including human, material and financial resources)(Martin, 2008). To improve productivity also contributes directly to economic growth. Such three factors contribute to economic growth in the size, the degree of economic development in different countries or different stages, there is a difference. Generally speaking, the economy is relatively developed countries or stage, the productivity gains of economic growth contribute to greater. In the economically backward countries or stage, capital investment and labor inputs to increase its contribution to greater economic growth.
Over the last decade Australia has experienced a long period of economic growth, Australia’s economic growth have an important impact on the tourism and hospitality industries. Rapid growth of economy also increased levels of consumption, as when economic growth outstrips population growth, it will lead to higher real income per head (Sloman & Norris 2008). Rising real income has the potential to alter consumption patterns by boosting real spending on discretionary goods and services (wants) more strongly than on basic goods and services (needs) (Norris & Sloman, 2008). fast economic growth can incentive people to travel to promote the development of the consumption of tourism and hospitality in Australia. In fact, rapid eco论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

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