Australia Economy

Title: Australia Economy
Category: Science & Technology
Details: Words: 324 | Pages: 1.4 (approximately 235 words/page)

Australia Economy

Australia is a Democratic country. Their constitution was written on July 9 of 1900 and was created with a constitution patterned partly on the U.S. Constitution. They have twelve senators from each state and two from each territory are elected for 6-year terms, with half elected every 3 years. The federal Parliament is bicameral, consisting of a 76-member Senate and a 148-member House of Representatives. Each state is headed by a premier, who is the leader of …showed first 75 words of 324 total…

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…showed last 75 words of 324 total…and the manufacturing industries. Australia suffered a significant recession in 1990-91, followed by rapid gro! wth in 1992-94. Growth has slowed somewhat since, with the Australian economy experiencing a cyclical downturn during 1996-97. Real GDP growth is expected to reach 2.8% in 1998. Inflation, which reached 5.1% during the recovery, has now fallen significantly; in 1997 Australia recorded the first annual price deflation in 35 years. Unemployment continues to hover stubbornly above 8.0%, however, despite some job creation in the second half of 1997. ------------------------------------------------------------------------ **Bibliography**

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