Assignment Outcomes:
1. Display understanding of the concepts covered in class.
2. Ability to apply the concepts covered in class to the Australian economy and analyzes the applicability of such concepts to real time economic situations.
Answer the following questions:
Question 1: What is First Home Owners Grant (FHOG)? Using an appropriate diagram, explain who benefits from FHOG- is it buyer or seller?
Question 2: Australian economy is currently facing an unemployment rate of approximately 5.2% according to recent statistics; as an emerging policy maker, what are the ways you would suggest to bring down unemployment to around 4.5%.
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