Question

In: Economics

Question 1 Australia’s population growth does not reflect the fertility rate because of net migration. Lectures...

Question 1

Australia’s population growth does not reflect the fertility rate because of net migration. Lectures discussed the role of immigration, but did not cover the arguments for and against increasing immigration. Present the economic reasons for and against increasing immigration to Australia.

Solutions

Expert Solution

The following Economic reasons favour immigration to Australia:

1.The migration impacting Australian economy positively in aspects of labour paricipation & Employment.

2. It has been adding to our National Skills and increasing Net productivity.

3. For Sound economy human resource is essential and for this poulation must grow over a period of time. It has been estimated if there is no migration program population of Australia would be mere 24 million unable to provide required human resource. But with migration it is projected to be 38 million and it migrated population will add $1.6 trillion to Australia's GDP.

4.Migrant population mainly belongs to prime working age and is relatively highly educated are concentrated in the prime working age group and are relatively highly educated it is going to have a positive impact on the employment rate.

5.Another benefit it will keep Australia in the category of highly skilled nation as there will be around 60 percent increase in population with university education.

But as every aspect has its positive and negative sides migration also has its cons. which are discussed as follows:

1. Resource Scarcity : We know economicresources are scarce and increase in population per capita availability of resources will decrease. Availability of land per person will decrease and prices of housing are bound to increase.

2. Overburdened Infrastructure : Infrastructure if not developed further migration will lead to shortage of facilities available to present population. For example there is a nationwide shortage of public hospital bedsand further growth will add to the demand. Many of the roads already cannot cope with the existing amount of traffic, Further increase in population will add to chaos.Similarly utilities like water etc will also be in shortage.

3.Wage decline: Migration will no doubt increase supply of labour in proportion to capital which is fixed in short run and increasing it in long run is expensive affair.It automatically will lead to decrease in wage rate.

4. Unemployment: Immigration poses a cchallenge in respect of jobs to native Australians as these that are taken up by immigrants. This is already been experienced in sectors like I.T

To conclude with declining birth rates in Australia immigration will remain necessety but it should be done in a way that its benefits outweigh its costs keeping values and character of Australia Intact.


Related Solutions

Calculate: What is the population change/growth, natural increase, and net migration for each of the four...
Calculate: What is the population change/growth, natural increase, and net migration for each of the four populations. Fill in the table below. Hint: estimate using the “Demographic Balancing Equation.” Hint: In the table, you can express answers absolute numbers. Population 2000-2010 Pop Growth Natural Increase Net Migration 2000 2010 Births Deaths Centerville 22400 22100 1872 1018 Kettering 44150 48700 4131 1448 Oakwood 4150 4250 359 175 Beavercreek 11600 11850 1019 478 Calculate: Using data from the above table/calculations, what is...
World Population Growth Rate World Fertility Rate Children per Woman 1995 1.55 4.9 1965 2005 1.25...
World Population Growth Rate World Fertility Rate Children per Woman 1995 1.55 4.9 1965 2005 1.25 4.8 1970 2015 1.18 4.3 1975 2017 1.1 3.8 1980 3.6 1985 3.4 1990 3.1 1995 2.8 2000 2.7 2005 2.6 2010 When will the world reach the 2.2 children per woman zero population growth rate?
This year, COVID-related disturbances have reduced Australia’s net migration to about zero, instead of about 150...
This year, COVID-related disturbances have reduced Australia’s net migration to about zero, instead of about 150 000, and construction is forecast to remain low over the short term.  What principle of macroeconomics explains why a steady levelof net investment in the construction of new offices, houses, retail centres etc. depends significantly on the steady growthof population. [Hint: look at the lecture recording for 24 Sept.]  [Limit 5 words: 1 mark] Answer: During recent decades, state how the slope and position of Australia’s...
This year, COVID-related disturbances have reduced Australia’s net migration to about zero, instead of about 150...
This year, COVID-related disturbances have reduced Australia’s net migration to about zero, instead of about 150 000, and construction is forecast to remain low over the short term. What principle of macroeconomics explains why a steady level of net investment in the construction of new offices, houses, retail centres etc. depends significantly on the steady growth of population. [Hint: look at the lecture recording for 24 Sept.] [Limit 5 words: 1 mark] Answer: During recent decades, state how the slope...
QUESTION 5 Suppose that instead of the investment rate it is the population growth rate that...
QUESTION 5 Suppose that instead of the investment rate it is the population growth rate that increases. According to the Solow growth model in the new steady state income per worker would be higher. income per worker would remain unchanged. income per worker would be lower. we cannot say what will happen to income per worker. 5.00000 points Saved QUESTION 6 Which of the following statements concerning the increase in the rate of growth of the labor force in the...
Set Five: Miscellaneous (6 marks) This year, COVID-related disturbances have reduced Australia’s net migration to about...
Set Five: Miscellaneous This year, COVID-related disturbances have reduced Australia’s net migration to about zero, instead of about 150 000, and construction is forecast to remain low over the short term. What principle of macroeconomics explains why a steady level of net investment in the construction of new offices, houses, retail centres etc. depends significantly on the steady growth of population. [Hint: look at the lecture recording for 24 Sept.] [Limit 5 words: 1 mark] Answer: During recent decades, state...
Without any controls, population growth would be exponential. However, this does not occur because there are...
Without any controls, population growth would be exponential. However, this does not occur because there are population-limiting factors.Describe the growth pattern of populations growing in a limited environment..What is meant by density-dependent factors that affect growth Give three examples of density-dependent factors and explain how they affect population growth. Give one example of a density-independent (abiotic) factor that affects growth and explain why it is density independent.
1) In a given year the nominal growth rate is 7% with inflation and population growth...
1) In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is: A. 3.8%. B. 5.0 %. C. 5.8%. D. 7.0 %. 2) You purchase a bag of chocolate chips for $3, a bag of flour for $1, a bag of sugar for $.50, a half dozen eggs for $.50, and a half pound of butter for $2. You use all...
Table 1: Population Data for the World Year Life Expectancy (Yrs) Fertility Rate (# Children per...
Table 1: Population Data for the World Year Life Expectancy (Yrs) Fertility Rate (# Children per Woman) Population 2020 72.8 2.44 7,794,790,000 2025 72.8 2.44 8 156 572 190 2030 72.8 2.44 8 500 749 620 2035 72.8 2.44 8 830 589 600 2040 72.8 2.44 9 149 581 080 2045 72.8 2.44 9 456 113 060 2050 72.8 2.44 9 750 278 650 Table 2: Population Data for China Year Life Expectancy (Yrs) Fertility Rate (# Children per Woman)...
What's a migration policy that could discourage population growth and brain drain in the sending country?
What's a migration policy that could discourage population growth and brain drain in the sending country?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT