Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal
英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献
ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter
澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文
小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法
英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查
temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语
经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目
日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题
职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意
论文作者:佚名论文属性:课程作业 Coursework登出时间:2009-12-14编辑:steelbeezxp点击率:14274
论文字数:2839论文编号:org200912141824352825语种:英语 English地区:澳大利亚价格:免费论文
附件:模板org.pdf
关键词:business cycleAustraliaassessmentTrading Economicshospitality industries
Week 7
1. Where in the business cycle do you think Australia currently sits? Justify your assessment?
Business cycle is a periodically repeated sequence of fluctuations in the aggregate economy of an area, or the nation as a whole, varying in duration, and measured by changes in the gross national product (GNP) (McLver & Hettihewa 2004). Business cycle is consisting of upturn, expansion, peaking out and slowdown (Sloman & Norris 2008). In the business cycle, Australia currently sits in the peaking out phase, during this phase, growth slows down or event ceases (Sloman & Norris 2008). This can be measured by real 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). As Table 1 shows, average GDP in 2007 was 3.9 percent, which was 1.2 percent higher than year 2006. This suggests that Australia was experiencing a GDP expansion, and moving to a GDP peaking out. The main reasons of increasing in GDP were the increasing demand for iron ore, coal, uranium and agriculture products such as wheat, cotton and wool in China and India, which lead to huge volumes of trade (Shameen, 2008). Therefore, this could suggest that Australian’s economy is experiencing a peaking out.
Table 1 – Australian GDP
Source: Trading Economics 2008
Inflation is the annual percentage increase in the price level (Sloman & Norris 2008). As Table 2 shows, there was a steady growth of inflation rates from 2004 to Mar 2008, and reached to 3.5 % in Mar 2008. The Trading Economics (2008) predicted the Australian inflation rate will continue to grow in 2008 to 2009, and the interest rate will also continue to grow from 7.25 % in 2008 8.34% in 2009. This can impose costs on individuals and the economy, and reduce level of consumption. Therefore, Australian’s economy would slowdown in 2008 – 2009, and will experience a peak out.
Table 2 – Australian Inflation Rate
Source: Trading Economics 2008
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).
Fest economic growth reduces the unemployment rate, as the growth of the economy yields more goods and services for consumers and creates more choice (Dowrick 1999), more employers are needed to provide effective services and high quality products to consumers. This creates more job opportunities in the society, and enables people to find satisfying and well-paid jobs, as more positions are available. Therefore, the growth of the economy reduces unemployment rate, and provide constant income to workers, which will encourage them to spend more on various goods and services and encouraging them to travel domestically. Furthermore, the low unemployment rate in the society will enable tourism and hospitality industries to employ right employees for the right position, as low unemployment rate increase labour supply in the labour market, thus, more people are本论文由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。