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The Australian Economy · Term 3

The Australian Budget Process

An overview of how the Australian government plans and manages its annual budget.

Key Questions

  1. Explain the key stages involved in the Australian federal budget process.
  2. Analyze the trade-offs involved in allocating government funds to different sectors.
  3. Critique the potential impacts of a budget surplus versus a budget deficit.

ACARA Content Descriptions

AC9HE7K02
Year: Year 7
Subject: Economics & Business
Unit: The Australian Economy
Period: Term 3

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