Macroeconomic Objectives · Macroeconomics

Economic Growth and GDP

Measuring the total value of goods and services and its limitations as a measure of wellbeing.

Key Questions

  1. 1Does rising GDP always correlate with an increase in living standards?
  2. 2What incentives are driving this behavior in emerging economies?
  3. 3What are the environmental costs of pursuing infinite growth?

ACARA Content Descriptions

AC9EC11K07AC9EC11S06
Year: Year 11
Subject: Economics & Business
Unit: Macroeconomic Objectives
Period: Macroeconomics

Suggested Methodologies

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Analyzing the types of unemployment and the social and economic costs of joblessness.

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