AC9HE8S03 Year 8 Humanities and Social Sciences

Content descriptor interpret information and data to identify economic and business issues, trends and economic cause-and-effect relationships

Elaborations

• • Elaboration interpreting information to identify economic and business issues; for example, inferring a change in the price of a key commodity as a signal about scarcity of resources or increasing consumer expenditure
• • Elaboration interpreting data displayed in tables and graphs to identify trends and answer questions such as, “For a 10-year period, what is the trend in the percentage of people over 60 paying income tax?”
• • Elaboration interpreting multi-variable data to identify a cause-and-effect relationship within an economic and business issue; for example, an increase in income earned by an individual and taxation paid, or when the supply of a good and service increases, the price adjusts