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An Economic Analysis of an Australian City
Summary: Provides an economic analysis of the city of Econo, Australia. Includes statistics on production, the value of goods and services and population.
Production figures for Econo
1950 1980 2010
Population 4,000,000 10,000,000 20,000,000
Number of pairs of jeans 4,000,000 15,000,000 16,000,000
Number of bus rides 8,000,000 25,000,000 20,000,000
Total $ value of goods & Services P/P 2,000 8,000 12,000
Questions
- Between which years has the population doubled? 1980-2010
- In 1980, how many pairs of jeans were produced per person? 1.5 pairs
- True statements are,
The total number of pairs of jeans produced increased between 1950 and 2010
Econo's population doubled between 1950 - 1980
- Prices are higher in 2010.
- Everyone would be wanting more and buying more so it would be a good way of life.
- In Australia we are buying a lot of stuff from overseas, so our GDP wouldn't be all that great compared to that of China or Japan. I don't think we export much either. The GDP has gone up though since 1995.
Goods Services
- Lamb Butchering
- Beef Lawn Mowing
- Potatoes Gardening
- Carrots Teaching
- Onions Telstra Technician...
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This section contains 344 words (approx. 2 pages at 300 words per page) |
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