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
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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: