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Question - Using the Forsythe method

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brendan:
protectionist trade barriers has cost Australian society $9.1 billion: http://www.pc.gov.au/research/annualreportseries/tar0607

Eriny:

--- Quote from: chikopapi on April 17, 2008, 04:41:30 pm ---Outline ONE demand factor and ONE supply factor that has contributed to economic growth in the economy between 2000-01 to 2006-7.

Outline ONE demand factor and ONE supply factor that has contributed to restrainingeconomic growth in the economy between 2000-01 to 2006-7.

Anyone one help on answering these ones?  ;) Much appreciated.

--- End quote ---

For the demand factor contributing to growth, you can use things like growth in China (therefore growth in demand for minerals, etc.) as a demand factor, and the lowering of business tax from 32% to 30% in 2000 (or maybe 2001? I forget) which means that businesses have been able to spend more on production.

For restraint in growth, maybe things like the high value of the Australian dollar reducing demand for exports and a supply factor could be the drought, which has limited some producer's ability to supply.

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