Using the data presented in Australian Bureau of Statistics (ABS) Issue 6523.0 Household Income and Wealth, Australia, 2013-14, write a report commenting on income and wealth distribution in Australia in light of CST Preferential Option for the Poor and Vulnerable. Your report should detail current income and wealth distribution and how it has changed over the last ten years. Your report should use a variety of graphs and charts to visually present your data (as per Week 3 Topic), various measures of central tendency and variation (as per Week 4 Topic) to describe income and wealth distributions, and time series and index numbers to present changes over time (as per Week 5 Topic). You should then consider your data in the context of CST Preferential Option for the Poor and Vulnerable and conclude as to Australia’s performance in respect to this principle. Note that the Preferential Option for the Poor & Vulnerable principle considers “the purpose of economic activity is to advance all members of society including the most poor and vulnerable”. According to Francis I, “the measure of the greatness of a society is found in the way its treats those most in need”. Marking Guide: Appropriate use of graphs and charts to visually present your data (6 points) Appropriate use of the various measures of central tendency and variation to elucidate income and wealth distribution (6 points) Appropriate use of times series and index numbers to demonstrate change in income and wealth distribution over time (6 points) Discussion of income and wealth distribution based on statistical data presented in light of CST (12 points) Total Points 30. The submission will be assessed against the following criteria: Thoroughness of research; Quality of statistical presentations; Coherence of arguments; Consistency of arguments throughout the submission; Attention to detail. Submission requirements: The assignment carries a word limit of 3,000 words, excluding references and appendices. The assignment is to be submitted via LEO/Turnitin and will be checked for originality.
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