Measuring Success: Macroeconomics · National Economy

Economic Growth and GDP

Defining Gross Domestic Product and its limitations as a measure of national well-being.

Key Questions

  1. 1Does a rising GDP always lead to an improved quality of life for all citizens?
  2. 2What essential economic activities are excluded from GDP calculations?
  3. 3Can infinite economic growth be sustained on a finite planet?

ACARA Content Descriptions

AC9HE10K02
Year: Year 9
Subject: Economics & Business
Unit: Measuring Success: Macroeconomics
Period: National Economy

Suggested Methodologies

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