a) The significanceof theAustralianAgriculture, Forestry and Fishing Support Servicesindustryto the Australian economyin general (note: onlyadiscussion similarto Section 2 (includingTable 1)of the KPMG reportis expected).b) Discuss the challengesthe Australian Agriculture, Forestry and Fishing Support Servicesindustry faces now and the impact these challenges may have on the Australian Agriculture, Forestry and Fishing Support Servicesindustry in the long term(note: only a discussion is expected).c) i. Calculate and reportthe Type I multipliersfor all 32 industries. (To equip you for calculating the technology matrix, first watch the video podcast on calculating a technology matrix for a larger economy, that is available under “Assignment help” on Canvas. Also refer to Appendix 3 for a simple explanation using a three-sector economy)3.ii. Explain the Australian Agriculture, Forestry and Fishing Support Servicesindustry’sType I multiplier. iii. Among the 32 industriesidentified,name twoAustralian industriesthatareimportant to the Australian Agriculture, Forestry and Fishing Support Services industry(note: use the technology matrix developed in Part C(i) to make your decisions).Discuss why you think they areimportant to the Australian Agriculture, Forestry and Fishing Support Services industry(note: only a discussion is expected).d) Suppose inthe latest budget that the Australian Government has declared significant cuts to the transport and support services industryandto thepoultry and other livestockindustry.In fact, it has decided to cut the external demandfor transport and support servicesby 20% and for the poultry and other livestockindustry by 15%. Discuss the impact of this on the Australian Agriculture, Forestry and Fishing Support Servicesindustry.Discuss which industry(outsidetransport and support services and poultry and other livestock industryand Australian
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