Question

Economics and Finance

1. Name an Australian industry related to software engineering or IT. What is the contribution to the Australian GDP. N.B. Try to be as specific as possible. For example, if you are looking at mining see if you can find the contribution of a particular field.

2. Name three of the largest companies within the industry you have discussed in question one. If you can, identify or estimate the contribution of one of those companies towards the Australian GDP. N.B. public companies release annual statements that contain their figures, you can work backwards from there.

3. Identify and discuss a major project, product, or research being undertaken by one of those companies identified in question two. If you can, identify and discuss any funding derived from a government source.

4. Is your chosen industry going through growth or decline over the past decade? Provide a link to a source supporting your answer.

Answer 1

Q.1

Ans.

Australian industry related to Software engineering or IT is “Information and Communication Technology. This industry comprises of companies in the field of Digital Health , Education, Mining Technologies and Cyber Security companies, Disruptive companies in Information Technology etc.,

In Australia service sector reports large part of the GDP almost 67% is contributed by the Service sector. IT and Software sector is part of the services sector and we believe Australian governemtn does not report the nos for IT and Software sector separately.