Costs of Economic growth: Depletion of natural resources and external costs e.g. carbon emissions. But with governments extra income, they could use it to clean up and enforce carbon controls
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Card 7
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Costs of Economic growth: ... problem on the current account: Higher income will **** in more imports, however if growth is export-led, the current account would improve
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Card 8
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Costs of Economic growth: ... in the economy: At high income and demand there will be little spare capacity in the economy, so the price of labour and fuel rises
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Card 9
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Costs of Economic growth: ... dislocation and stress: Not everyone will have increased income, which could cause increased debt for some as they try to keep up with society
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Card 10
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Costs of Economic growth: Problems with ... : ... causes spikes in prices, which could mean bad planning or cutting corners as people don't expect the economy to grow at that rate
