Unmploymrnt e Flashcards
What are the positives of economic growth?
Economic growth can lead to:
* Increased employment opportunities
* Higher income levels
* Improved standards of living
* Enhanced public services
* Greater investment in infrastructure
* Increased tax revenues for governments
What are the negatives of economic growth?
Economic growth can result in:
* Environmental degradation
* Increased inequality
* Overconsumption of resources
* Inflationary pressures
* Potential for economic bubbles
* Social unrest due to disparities
True or False: Economic growth always leads to environmental sustainability.
False
Economic growth often contributes to environmental degradation due to increased resource consumption.
Fill in the blank: Economic growth can lead to _____ in income levels.
higher
What can enhanced public services from economic growth include?
Enhanced public services can include:
* Healthcare
* Education
* Transportation
* Social welfare programs
How can economic growth affect income inequality?
Economic growth can increase income inequality, as the benefits may not be distributed evenly across the population.
Fill in the blank: Economic growth may lead to _____ pressures.
inflationary
What role does government play in economic growth?
Government can influence economic growth through:
* Fiscal policy
* Monetary policy
* Regulation
* Investment in public goods
True or False: Increased tax revenues from economic growth can be used to address social issues.
True
Governments can allocate increased tax revenues to programs aimed at reducing inequality and improving public services.