Economic Growth - Economics Help
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Economic growth means an increase in real GDP – which means an increase in the value of national output/national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards, improved tax revenues and helps to create new jobs. Aspects of … See more 1. If the Central Bank cut interest rates, this would provide an incentive for firms to in… 2. This investment is a component of AD and AD will rise. With higher investment… 1. A key factor in enabling economic growth in the long-term is productivity.Pr… 2. If there is the development of new technology (computers, machines), it m…
1. If the Central Bank cut interest rates, this would provide an incentive for firms to in…
2. This investment is a component of AD and AD will rise. With higher investment…
1. A key factor in enabling economic growth in the long-term is productivity.Pr…
2. If there is the development of new technology (computers, machines), it m…
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