Government and the National Economy · Macroeconomics

The Role of the Budget

How the federal government uses revenue and spending to influence economic activity.

Key Questions

  1. 1What are the opportunity costs of prioritizing defense spending over education?
  2. 2Who benefits most from a move towards a budget surplus?
  3. 3How does government spending act as an incentive for private investment?

ACARA Content Descriptions

AC9HE8K01
Year: Year 8
Subject: Economics & Business
Unit: Government and the National Economy
Period: Macroeconomics

Suggested Methodologies

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