2.5.4 - Impact of Economic Growth Flashcards
1
Q
Benefits of economic growth
A
Higher living standards, employment effects, fiscal dividend, accelerator effect, profits, additional income
2
Q
Costs of economic growth
A
Inflationary pressures, higher interest rates, environmental effects, inequality
3
Q
Impact of economic growth depends on
A
Cause of growth, actions taken by government and central bank, confidence, rate of growth,
