Assignment sample - Economic Indicators

College
Assignment
Macro & Microeconomics
Pages 3 (753 words)
Download 0
Emphasising on the macro-economic indicators of Australia, the discussion henceforth analyses the long term statistical data of the pure alcohol available for consumption from alcoholic beverages and the per-capita consumption of such commodities. The graphical indicators of the…

Introduction

During the same period, the percentage of pure alcohol available for consumption in the form of spirits has also increased from 12% to 20% (Australian Bureau of Statistics, 2012). This statistical presentation apparently depicts that consumer consumption pattern differs largely on the basis of the product category in Australia apart from other variables such as price, taste and variety.
Over the last fifty years, the total percentage of apparent consumption of pure alcohol per-capita has also depicted a certain degree of fluctuation. During 1960s, the apparent per-capita consumption of the pure alcohol increased steadily reaching its record heights in the early 1970s. However, since mid 1970s, the total per-capita consumption began declining through the period of 1980s and continued during the initial few years of 1990s. Consequentially, during the early 1990s, the total per-capita consumption of the pure alcohol was at its lowest. Since mid 1990s, the total per-capita consumption of the pure-alcohol again took a pace; however, not necessarily at the same speed as in the 1960s. Apparently, since last few years, i.e. from 2010 till 2011, the total per-capita consumption can be observed to again decline (Australian Bureau of Statistics, 2012).
By analysing the data presented through Figure 1, it can be revealed that constant decrease in the percentage of pure alcohol available for consumption in the form of beer is primarily due to the excise taxation charged in Australia. In the Australian context, as the tax is imposed on the bases of the alcohol strength, i.e. low, high and full strength beer qualities, the available beer brands are likely to incur higher variable costs in terms of taxes than that compared to other alcohol products. It is due to this reason that in order to substantiate the increased production costs due to taxation charges, the producers in the alcohol industry of the ...
Download paper
Not exactly what you need?

Related papers

Multiple Economic Indicators and Stock Markets
There are, however, hundreds of economic indicators available/released regularly. While every indicator is an important measure of a facet of the economy, do all of them influence the stock markets equally? Hence the importance to know is which of these indicators influence the stock markets most, and probably more importantly which economic indicators most influence which types of stocks. …
25 pages (6275 words)
Macro-Economic Indicators: GDP, CPI, Unemployment, Interest Rates
Comparison of Canada, Japan, US and U.K with respect to Real Gross Domestic Product Gross domestic product (GDP) is one of the very important indicators considered by economies to evaluate their output and growth. This can be divided into two sub-parts, i.e. Nominal GDP and Real GDP. Nominal GDP is calculated by valuing all outputs at current prices and real GDP is calculated by valuing outputs of…
4 pages (1004 words)
UK Economic Indicators
Typically, macroeconomic indicators are divided into several types according to their significance for exchange movements, as it affects the volatility of the market at the time of publication index. The overview of macroeconomic indicators Macroeconomic indicators cover economic development, point to economic growth or decline. Therefore we can say with certainty that the output of major data can…
16 pages (4016 words)
Economic Indicators
from 76% in 1961 to 42% in 2011. On the contrary, the consumption of pure alcohol available in the form of wine has increased substantially from 12% in 1961 to 37% in 2011. During the same period, the percentage of pure alcohol available for consumption in the form of spirits has also increased from 12% to 20% (Australian Bureau of Statistics, 2012). This statistical presentation apparently…
3 pages (753 words)
ECONOMIC INDICATORS
Thus, intermediate goods are those which are traded from one industry to another either for reproduction of a final good or for the resale of the value added goods. Since GDP calculated the final value of all the goods and services in a year so, intermediate goods are not accounted for calculating GDP (SURI, 2013). Final Goods: Final goods as term justifies refer to finished product which are…
4 pages (1004 words)
ECONOMIC INDICATORS SLP
Frictional unemployment takes place when workers change or switch between different jobs. For example, change of job for better career prospects, change of interest in domain, transfer to different location of current job etc. Cyclical or seasonal unemployment means the workers remain employed only during specific seasons and unemployed for the rest of the year. It is inversely proportionate to…
4 pages (1004 words)
ECONOMIC INDICATORS SLP
Frictional unemployment takes place when workers change or switch between different jobs. For example, change of job for better career prospects, change of interest in domain, transfer to different location of current job etc. Cyclical or seasonal unemployment means the workers remain employed only during specific seasons and unemployed for the rest of the year. It is inversely proportionate to…
4 pages (1004 words)