AC9HE10K02 Year 10 Humanities and Social Sciences

Content descriptor the ways that government intervenes in the economy to improve economic performance and living standards within Australian society

Elaborations

• • Elaboration explaining 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
• • Elaboration explaining 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
• • Elaboration explaining 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
• • Elaboration investigating the role and function of the Reserve Bank of Australia within the Australian economy