Costs and benefits of economics growth ( OCR unit 2 GCSE)

  • Created by: Ovais
  • Created on: 14-04-13 00:51


  • Higher GDP implies country is richer and has high living standards
  • If country is producing more, it's likely more people are employed. This reduce costs of unemployment and absolute poverty
  • If GDP is rising, the government will autmatically be earning more tax revenue from exsisting tax rates.


No comments have yet been made