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Sorry that was incorrect this is definitely my work

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Sorry that was incorrect this is definitely my work

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This is not good.

I'm sorry but I feel like this is the best response so I will read it to the class. I'm going to get 100% in the exam.

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This means that Australia's net primary account no longer exists.

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Australia's net Primary Income account means that China has depreciated in wealth and oil.

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The net primary income account located in the current account of the balance of payments is referring to the rewards gained from owning foreign assets such as interest on loans and dividends on shares. If the Australian dollar depreciates the net primary income will be further debited.

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The lack of demand for Australian commodities means the AUD depreciates against other currencies

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Due to the slowdown of manufacturing in China, their demand for commodities has decreased by 3%

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In this time China's economic growth has slowed. GDP has fallen 3% and this fall results in a lack of demand for Australian commodities.

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Due to the sudden decrease in China's economic growth, the demand for commodities used in the process of industrialisation have decreased.

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As a result of lower commodity prices the Australia dollar will decrease in value. Demand for commodities decreased because China, Australia's biggest trading parter, is slowing. When China slows it means that they do not demand as many Australia raw materials. This means that Australia's terms of trade decrease

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Over the last four years, commodity prices of minerals such as coal and iron ore has decreased. 

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Over the last four years, commodity prices of minerals such as coal and iron ore has decreased. 

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To result in a decrease in commodity prices the Australian dollar has been adjusted, this decrease in cost for overseas buyers will ultimately lead to an increased demand for Australian commodities such as iron ore and coal, rising export value.

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Lower commodity prices have resulted in a decrease in the AUD

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Over the last four years, in response to the decreased commodity prices (coal, iron ore), the AUD has, as a result, decreased.

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A decreasing value of commodity prices, will most likely cause a drop in the prices in the value of the AUD

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As a result of decreased commodity prices, a drop in the value of the Australian dollar has been observed.

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The Australian dollar has been adjusting to lower commodity prices because the Chinese demand for raw commodities such as coal and iron ore has decreased. This means that there is less demand for the Australian dollar which means that the value of the currency depreciates