Analyzing the Australian economy (Comparison with Canada and China)

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Analyzing the Australian economy (Comparison with Canada and China)

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The focus of this paper is analyzing the Australian economy and comparing the economy to that of two other countries; Canada and China. Australia is the 12^th largest national economy based on the nominal GDP and the 19^th largest economy measured by the PPP-adjusted GDP. With a population of 1.3 billion people, China has the second-largest economy. Canada is a member of the G8 countries. Australia, Canada, and China are market-based economies.

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