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......

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Title: Japan Economy
Approximate Word Count: 2051
Approximate Pages: 9 (250 words per double-spaced page)

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