AC9HE10K02
the ways that government intervenes in the economy to improve economic performance and living standards within Australian society
Elaborations
- AC9HE10K02_E1explaining how the Australian Government uses fiscal policy to help improve the standard of living; for example, the federal Budget, taxation, expenditure on skills training and workforce development
- AC9HE10K02_E2explaining the forces that shape and affect variations in living standards within Australian society, such as unemployment and poverty, and identifying why the government may redistribute income and wealth
- AC9HE10K02_E3explaining how the government may redistribute income to achieve a more equal distribution of income and wealth; for example, income transfers such as pensions, youth allowance and job search, or the provision of services for all such as healthcare and education
- AC9HE10K02_E4investigating the role and function of the Reserve Bank of Australia within the Australian economy
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