(1) Obtain data on real GDP, exchange rate, net exports (exports – imports), and the cash rate (interest rate). Then usinggraphs and statistical summaries, discuss the relationships between the following variables:a. Growth of net exports as a share of real GDP and the exchange rateb. Growth of net exports as a share of real GDP and the cash rate(2) Conduct a simple regression analysis to investigate factors that influence the growth of net exports as a share of real GDPin Australia.(3) Given the insights gained from (1)–(2), discuss how macroeconomic policies, particularly monetary policies, wouldcontribute to improvement of net export growth as a share of real GDP in Australia?Students need to support their analysis with a minimum of 10 academic journal articles plus the text. Students aiming for aCredit or higher grade will need to use more sources. Articles should be relevant and recent. Non-academic journal sourcesmay also be used, but relevance and validity should be clarified with the lecturer/tutor.
