Costs and benefits of economics growth ( OCR unit 2 GCSE)
- Created by: Ovais
- Created on: 14-04-13 00:51
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Benefits:
- 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.…
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