Why Does Australia Need To Improve The Economy

In Australia, the per capita income is $54,708 and the tax rates are 23 percent. Although Australia ranks 5th as having the highest salaries, the country is full of expensive things. Entertainment and restaurants are one of the most costly goods in the country. Australia needs to improve their exchange rate due to the fact that if an Australian Citizen lives the country and enters a different country, citizens won’t get much money from that currency due to the fact that Australia’s currency is poor. In order to boost up the economy and exchange rate, Australia needs to do 8 crucial things. Such as selling foreign exchange assets and buying their own currency, higher interest rates, inflation rates, regulate terms of trade, improve political