a. Why in microeconomics can we measure production in terms of quantity,
but in macroeconomics we measure production in terms of market value?
b. If the Australian Bureau of Statistics added up the values of every good and
service sold during the year, would the total be larger or smaller than GDP?
c. In the circular flow of expenditure and income, why must the value of total
production in an economy equal the value of total income?
a. Describe the four major components of expenditures in GDP and write the
equation used to represent the relationship between GDP and the four
b. Why does the size of a country’s GDP matter? How does it affect the
quality of life of the country’s people?
a. Why does inflation make nominal GDP a poor measure of the increase in total
production from one year to the next? How does the ABS deal with the problem
inflation causes with nominal GDP?
b. What is the main problem arising from the use of base year prices to measure
a. Why does the size of a country’s GDP matter? How does it affect the quality
of life of the country’s people?
b. Is the value of a house built in 2000 and resold in 2018 included in the GDP
of 2018? Why or why not? Would the services of the real estate agent who
helped sell (or buy) the house in 2018 be counted in GDP for 2018? Why or
c. Which component of GDP will be affected by each of the following
transactions? If you believe that none of the components of GDP will be
affected by the transactions, briefly explain why.
i. You purchase a new apartment.
ii. You purchase a second-hand car.
iii. An overseas person studies a degree at an Australian university.
iv. A dairy farmer in Victoria produces milk which is shipped to
v. A Bakers Delight store purchases a new oven.
vi. The government builds new roads to help improve access to mine
sites in Western Australia.
National Youth Screening and Assessment Project, may also be available to support implementation. c. DJS should consider amending its practice of screening all youth who appear at the BCJJC for detention admission using the Detention Risk Assessment Instrument, even youth who will ultimately be diverted prior to DJS referral through the BPD Diversion Program. This will limit young people’s exposure to the detrimental impact and collateral consequences associated with generating unnecessary DJS and court records. d. BPD should develop a training and messaging strategy to increase officer knowledge and understanding of new policies and protocols for interacting with youth, the purpose of the juvenile court system, details of juvenile justice process, and the purpose of secure detention. Clear and consistent messaging for officers will help to mitigate the obdurate frustration that officers reportedly experience when they perceive that young people are not being held accountable by the system. e. Conduct a case processing analysis of adult-charged youth in detention to identify why time spent in detention for these youth has doubled from 2014 to 2018 and develop policies and programs to address the causes of delays. 2. Programs and Conditions a. The City should partner closely with DJS and the Baltimore JDAI Oversight Board to assess the continuum of Secure Detention Alternative established by DJS and the extent to which it meets existing needs. b. The City and its appropriate offices and agencies should partner with DJS to identify additional programs for youth in detention, in particular youth charged as adults, that can help young people build skills and connections that will help them succeed following release and return to their communities. c. To the extent that there are gaps in the existing Secure Detention Alternatives Continuum, the City and DJS should partner closely to identify resources to enhance the Alternative Continuum. As a resource, stakeholders should consult the results of the Youth Service Provider Survey conducted as part of this assessment. 3. Community Engagement and Partnerships>GET ANSWER