12 Income, employment and prices. Learning outcomes. By studying this section students will be able to: distinguish between microeconomics and macroeconomics measure the total level of economic activity in an economy distinguish between changes in real and money GNP
12 Income, employment and prices
In Australia, there were about 551,000 persons in tourism generated employment in 2000-01, the number of tourism employed persons grew by 7.4% between 1997-98 and 2000-01 and the tourism share of total employed persons in 2001 was 6.0%.
Demand and supply
12 Income, employment and prices: