Fiji Essay

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Fiji’s Economy People from all over the world visit Fiji for its cruises, well known hospitality, and its great spots for scuba diving. Fiji is an island located in the South Pacific Ocean east of Australia and north of New Zealand. Fiji has always been known for its mild climate and vacation getaways. The exchange rate from the American dollar to the Fijian dollar is great so their money goes far. Most of Fiji’s income comes from tourism but also from the sugar, fishing, and textile industries. Because Fiji is a great location for vacations, a lot of families travel to Fiji and tourism makes a lot of money for Fiji through taxes. But in 2009 Fiji had floods and that caused the economy to suffer (Fiji Economy, 1). For the years 2005-2006 the SRAS shifted right because of population. The real GDP in billions from 2005 to 2006 was 4.92 to 5.29. And the price index in during 2005 was 102.39 and during 2006 it was at 107.7. The AD line intersected the SRAS at (4.92, 102.39) during 2005, and at 2006 it intersected at (5.29, 107.7). The AD line between 2005 and 2006 is unambiguous, and the SRAS curve is ambiguous and shifted because of Fijis growing population. An increase in the population creates an increase in the labor force. The AD The current population growth rate in Fiji is 1.4%, from 2005 to 2006 the population grew from 828,046 to 833,330(). Indians have been moving to Fiji and now make up 44% of the population followed by Europeans, other pacific Islanders, and Chinese which is 5%(Fiji Population, dde1). During the years 2005-2006 Fiji’s Shirt run aggregate supply curve shifted to the right. The GDP in billions of Fijian dollars in 2005 was 4.92 and in 2006 it was 5.29. The price level in 2005 was 102.39 and in 2006 it was 107.7. The AD intersected the SRAS at (4.92, 102.39) in 2005, and in 2006 it intersected at (5.29, 107.7). The AD line shifted

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