Government and the National Economy · Macroeconomics

Economic Growth and GDP

Measuring the performance of the national economy through the value of goods and services produced.

Key Questions

  1. 1Does a rising GDP always lead to a better quality of life?
  2. 2What are the environmental trade-offs of perpetual economic growth?
  3. 3How does a recession impact different socio-economic groups differently?

ACARA Content Descriptions

AC9HE8K01AC9HE8S04
Year: Year 8
Subject: Economics & Business
Unit: Government and the National Economy
Period: Macroeconomics

Suggested Methodologies

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