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II. Economic Analysis

I. Introduction

Australia has had one of the most outstanding economies of the world in recent years - competitive, open and vibrant. The nation’s high economic performance stems from effective economic management and ongoing structural reform. Australia has a competitive and dynamic private sector and a skilled, flexible workforce. It also has a comprehensive economic policy framework in place. The economy is globally competitive and remains an attractive destination for investment. Australia has a sound, stable and modern institutional structure that provides certainty to businesses. For long time, Australia is a stable democratic country with strong growth, low inflation and low interest rate.(Ning)

II. Population
Australia is an independent Western democracy with a population of more than 20 million (20,264,082). Base on some general statistic, its birth rate is 12.14 births/1,000 populations, and population growth rate is 0.85 %.
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Approximate Word Count: 1208
Approximate Pages: 5 (250 words per double-spaced page)

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