Assessment task 3 Assignment Example | Topics and Well Written Essays - 2000 words

Assessment task 3 - Assignment Exampleed that that demesne will face crucial problems due to such impacts specifically in terms of unemployment, inflation, business process and financial growth. In this regard, it is quite indispensable for the administration of the soil to adopt and execute effective measures in order to boost and promote the domestic demand of kingdomal goods and/or and develop the economic conditions of the province at large.Macroeconomic dimension of economics is regarded as the field of studying different behaviours of economies that entail unemployment, demesneal income and growth rate among others and their impact on the nation as well as international market. Macroeconomic issues are duly considered to be the major issues for an economy that mainly emerges due to having discrepancies in certain serious developmental aspects including full employment and economic stability along with growth. It is projected that the macroeconomic issues will lead toward s generating problematic situations within any particular nation in the form of lowering employment rate and raising inflation, resulting in hindering the growth of a nation at large. This factor will presumable to impact the revenue, profitability, wage system and employment rates of the nations by an extensive level (McConnell, & et. al., 2009 Carson, & et. al., 2005).Correspondingly, the assignment will highlight the major macroeconomic issues that have been set about by Australias economy in relation to its current account deficit despite the mining boom recorded in terms of trade. Besides, various important aspects including the short along with long-term economic impacts of having deficit in current account and strategies that can be implemented by the government of the nation to address the situation will also be discussed in the assignment.Macroeconomic issue related to the deficit in current account often come at the time when the trading of imported products exceeds th e amount of export during a specified time frame. It