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Subject – MACRO ECONOMICS TASK DESCRIPTION: For the Australian economy Comment on its fiscal performance over the period of last twelve years about 300 words. [5 marks] Critically analyze the reasons for this performance about 1200 words [10 marks] What are the major challenges Australia faces in bringing the budget back to surplus  in about 500 words. [5 marks] GRADING GUIDE The following factors will be taken into account in grading your work: The depth of your reading and understanding of the topic. At this level of study you are expected to read widely, and obtain more than just a superficial knowledge of the subject matter. Your ability to understand…

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