Gross Domestic Product

a) Explain how GDP is measured in your country (Australia). Provide real life examples. (2 marks)

(b) Using your home country (Australia) as a case study outline two main restrictions government applied to import. Using the data from your case study analyse and explain who would benefit directly and who would lose directly from such restrictions. (10 marks)

(c) Using your case study examine the position of protectionists. Explain whether you support their argument. (10 marks)

Substantial research and analysis. 4 marks

Overall presentation of work, especially use of graphs, clear written expression. 2 mark

Appropriate use of referencing. 2 marks

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