While the Budget factored in a decline in Australias terms of trade, Essay - 2

While the Budget factored in a decline in Australias terms of trade, the fall in global commodity prices over recent months has been larger than anticipated - Essay Example A rise in this economic measure will enable Australia to buy more imports for fewer amounts of exports which in turn will increase the domestic real income. The volatility in terms of trade will induce volatility in the expenditures of the consumers as well as investment. Throughout history, Australia has been subjected to declining as well as volatile terms of trade. The situation changed after 1986. Since this year the country has been subjected to less volatile terms of trade while it is slightly upward rising trend. The terms of trade of the country has been positively correlated with economic growth of the globe. When the economic growth was strong, the terms of trade rose while the situation was just the opposite when the economic growth was slow. In the year 2000, the terms of trade of the country increased in spite of slowing down of the world economy. There are two key components on the terms of trade of the country namely the global prices of the exports and imports of the country and the goods basket of the exports and imports. The country has the ability to affect the global prices the developments within the country also have the potential to influence the terms of trade. An increase in the global prices of coal compared with ICT goods will contribute in raising the terms of trade as the country is net exporter of coal and importer of ICT goods. There has been a wide positive correlation between the terms of trade and the exchange rate prevailing over that period. The nominal or the real exchange rate has fallen since the financial crisis of mid 1998. The import prices tend to be affected by the regional influences but the export prices are influenced by world prices. In the short run the prices of imports floored more swiftly than the export prices. The exchange rate got boosted. The uneven growth in productivity in tradable or in non-tradable goods sector contributed to

Journal Essay Example | Topics and Well Written Essays - 500 words - 28

Journal - Essay Example In this quote, Mama realizes that her daughter’s ambitions are totally different from hers. She feels that her daughter wants to complement her looks with that of a â€Å"white† woman, and by doing so, she feels she is deviating from â€Å"real life†. In this passage, Mama notices that she is not living in accordance to her daughter’s expectations, in spite of the pride she takes from her hard work. This is something that even bothers her so much. Unlike her daughter â€Å"Dee†, who can always look into anyone’s eyes, Mama feels that she cannot. At the begging of the second paragraph, Maggie comes out wearing a red blouse and a pink skirt and asks her mother how she looks. It is obvious that she looks presentable before her mother, but when she walks the mother compares her to a dog. This passage presents a change in the Mama’s perspective about â€Å"real life†. She now feels that Maggie has a better figure than her sister, Dee. Implying that she will perhaps have a better future than her and Dee. In this paragraph, Mama is trying to recall how she thought Dee used to hate Maggie and their house. Although she managed to take Dee to school with the help of her church and the a few money she had, she felt that Dee did not appreciate, but turned to hate her house and small daughter. Dee realized the importance of education and wanted to share the knowledge gained with her mother and sister who only felt that they did not necessarily need such knowledge. This paragraph, therefore, indicates different perceptions about education between the educated and uneducated as well as rural and sophisticated population. At this point, Mama was narrating how Dee used to like nice things, which she always worked hard to achieve. She was quite unlike her mother, who always believed she is a big-boned woman who is conditioned to work. She even says Maggie’s lack of style will finally make her marry John Thomas who has â€Å"mossy teeth† (Walker 317). This