James Ruse Agricultural High School
Economics Preliminary Course 2006
Assessment Task Group Research
TOPIC: A comparison of the Australian economy with one other economy.
Question 1
Size and structure of the economy, including:
GDP,
GDP per capita,
Relative importance of primary, secondary and tertiary sectors,
Role of government in the economy, including provision of health care, education and welfare payments,
Openness (to both trade and financial flows).
Japan and Australia represent two developed economies; in 2005 Japan had the 4th highest GDP (PPP ) in the world ($3.867 trillion), and Australia ranking 18 ($642.7 billion). Although Japan's entire GDP is significantly higher, Australia's per capita GDP score is better.
Japan Australia
GDP (purchasing power parity) $3 867 000 000 000
or ($3.867 trillion) $642 700 000 000
or ($642.7 billion)
GDP (official exchange rate) $4 955 000 000 000
or ($4.955 trillion) $649 900 000 000
or......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 2051
Approximate Pages: 8 (260 words per double-spaced page) |