Macroeconomic Management and Stability · Macroeconomics

Economic Growth and Living Standards

Analyzes the drivers of Gross Domestic Product and the distinction between material and non-material well-being.

Key Questions

  1. 1What trade-offs does this policy create between current consumption and future growth?
  2. 2Is perpetual growth sustainable in a finite environment?
  3. 3How does the distribution of income affect societal well-being?

ACARA Content Descriptions

AC9EC12K04AC9EC12S03
Year: Year 12
Subject: Economics & Business
Unit: Macroeconomic Management and Stability
Period: Macroeconomics

Suggested Methodologies

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