Georgia standard · Social Studies

`SS6E12`Australia's Economic Growth Factors

Describe factors that influence economic growth and examine their presence or absence in Australia.

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Expectations

SS6E12.a
Evaluate how literacy rates affect the standard of living.
SS6E12.b
Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP per capita).
SS6E12.c
Explain the relationship between investment in capital goods (factories, machinery, and technology) and gross domestic product (GDP per capita).
SS6E12.d
Describe the role of natural resources in a country's economy.
SS6E12.e
Describe the role of entrepreneurship.

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