Measuring the Nation: Macroeconomic Performance · Macroeconomics

Economic Growth and GDP

Understanding Gross Domestic Product as a measure of national output and its limitations regarding well being.

Key Questions

  1. 1Does a rising GDP always translate to a higher quality of life?
  2. 2What trade-offs does this policy create between short term growth and long term sustainability?
  3. 3Who benefits and who bears the costs of a rapidly expanding economy?

ACARA Content Descriptions

AC9HE10K02
Year: Year 10
Subject: Economics & Business
Unit: Measuring the Nation: Macroeconomic Performance
Period: Macroeconomics

Suggested Methodologies

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