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Economic Performance - Coggle Diagram
Economic Performance
Indicators
economic growth rates
unemployment trends
3.9% in Australia
inflation rates
6% in Australia, 0.8% pre2020
HDI
quality of life index
sustainability indexes
GDP and PPF graphs
what does the government want?
sustainable economic growth
full employment
Low inflation
Australia doesnt have this
facts
Workforce in Australia
people who are actually employed (fit qualified and able to work)
13.5 million people in Australia
Why cant they get a job?
jobs full
not skilled
language barrier (english second language?)
inequality
where you live
e.g. isolated
gdp and economic growth
GDP2 = ((gdp2 - gdp1)/gdp1) *100