What factors contribute to economic growth


Problem

Answer the question below in good detail and do not copy something from google please use only your words. Australia as I've chosen that country

Imagine you are the US Ambassador to a country of Australia. A US ambassador officially represents the US government on behalf of the president, maintains diplomatic relations, and helps promote peace, trade, and the exchange of information.

(500 or more words), write a summary of the economic health of the country to which you are an ambassador. Include information such as GDP, GDP per capita, GDP growth rate, the natural rate of unemployment, main exports, and industries.

What factors contribute to economic growth?

What factors hinder economic growth?

Do you think the GDP per capita is a close representation of the average citizen's standard of living? Why or why not?

What policies and ideas would you recommend for promoting economic growth? (Be specific)

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Macroeconomics: What factors contribute to economic growth
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