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The Paths to Increasing Australian Prosperity

The Paths to Increasing Australian Prosperity. Address by the Treasurer, Peter Costello MP, to the Australian Financial Review Leaders' Luncheon, Sydney, 7 August 2002. Total population. Population. Share of population 15+. Employment. Participation rate. GDP. Unemployment rate.

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The Paths to Increasing Australian Prosperity

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  1. The Paths to Increasing Australian Prosperity Address by the Treasurer, Peter Costello MP, to the Australian Financial Review Leaders' Luncheon, Sydney, 7 August 2002

  2. Total population Population Share of population 15+ Employment Participation rate GDP Unemployment rate Participation Average hours worked Capital deepening Productivity Multifactor productivity Determinants of GDP

  3. Components of average annual GDP growth over the last 40 years Percentage Contribution Percentage Contribution 4 4 Productivity 3 3 Population Participation 2 2 1 1 0 0 -1 -1 Population Share of Participation Unemployment Average hrs Labour Real GDP population 15+ rate rate worked productivity

  4. Child and aged to working-age ratios Per cent Per cent 70 70 60 60 50 50 40 40 30 30 20 20 10 10 0 0 1972 1982 1992 2002 2012 2022 2032 2042 Child Aged Combined

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