ECONOMIC ISSUES: Essay Structure

Jul 7th, 2015
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ECONOMIC ISSUES: Essay Structure -A sustained increase in a country’s productive capacity over time, measured by the % increase in real GDP.

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ECONOMIC ISSUES: Essay Structure OutlineEssay Structure EconomicUnemploymentgrowthInflationExternalStabilityIncomeDistributionEnvironmentalSustainabilityProtecting andenhancing thenaturalenvironment byprotecting air,water and soil,preservingbiodiversity, usingrenewable andnon-renewableresourcessustainably andminimisingnegativeexternalities.Land degradation,depletion of nonrenewableresources,extinction andpollution. The longterm impact ofresource overuse isa decrease in theeconomy' PPF.Australia has apoor record ofpreservingbiodiversity.Public goods likestreet lights arenon-excludable andnon-rival. Publicsector goods areprovided bygovernment liketrains, hospitals.1) Explain,DefineA sustainedincrease in acountrysproductive capacityover time,measured by the% increase in realGDP.A situation whereindividuals want towork but areunable to find a joband as a resultlabour resourcesare not utilised.The sustainedincrease in thegeneral level ofprices over aperiod of time,measured by the% change in theCPI.An aim ofgovernment policythat seeks topromotesustainability onthe externalaccounts so thatAustralia canservice its foreignliabilities in themedium to longrun and avoidcurrency volatility.The way in whichan economysincome is spreadamong themembers ofdifferent social andsocio-economicgroups.2) Indicators;Current Stats.Recentchanges/trends.Economies aresubject to thebusi

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