MYTUTOR SUBJECT ANSWERS

343 views

How can the Government improve economic growth/real GDP of a country?

Definition mark: Economic growth is the increase in real GDP 

Explanation: 

Government can use two ways of increasing economic growth; supply side policies and fiscal policies. 

point 1: Providing subsidies to schools to improve quality of education. Improving education quality will result in more students gaining more skills and becoming more employable. More productivity of people and more jobs results in increase production of goods, therfore an increase in real output will increase exports and therfore more injections into the circular flow of income will increasr the country's GDP and hence there will be economic growth. 

Evaluation: However, it depends on the elasticity of the goods. If the good is inelastic such as oil than the exports will continue to be high and thus increaing economic growth for the country. 

Point & Evaluation x3

Conclusion 

=30 marks 

Akshay D. A Level Economics tutor, GCSE Geography tutor

1 year ago

Answered by Akshay, an A Level Economics tutor with MyTutor

Still stuck? Get one-to-one help from a personally interviewed subject specialist

49 SUBJECT SPECIALISTS

£20 /hr

Hibba S.

Degree: BSc Biomedical Science (Bachelors) - Queen Mary, London University

Subjects offered: Economics, Science+ 3 more

Economics
Science
Chemistry
Business Studies
Biology

“I am a BSc Biomedical student at Queen Mary University London. I enjoyed learning both Economics and Sciences in A-levels, which I hope I can inspire in you to! From GCSE’s to A levels I have been involved in many extra-curricular ac...”

£20 /hr

John F.

Degree: Economic History (Bachelors) - LSE University

Subjects offered: Economics, Sociology+ 1 more

Economics
Sociology
History

“I currently study at the London School of Economics since 2014 with a degree in Economics and History. I achieved 2 A* and 1 A at A- level. I have currently been teaching and tutoring for over 4 years, with specialisation in the social...”

MyTutor guarantee

£20 /hr

Munroop P.

Degree: Economics (Bachelors) - Warwick University

Subjects offered: Economics, Spanish+ 1 more

Economics
Spanish
Maths

“I am an Economics student at Warwick University. I am passionate about Economics but I also love Maths and Spanish, and so I am thrilled to be able to take Maths and Spanish modules within my Economics degree course.  I have experienc...”

About the author

£26 /hr

Akshay D.

Degree: Finance Accounting & Management BSc (Bachelors) - Nottingham University

Subjects offered: Economics, Geography

Economics
Geography

“About Me: - A Second Year Student studying Finance Accounting & Management  - Tutored Economics and Geography in the past to younger students.  - I am a trust worthy individual who will provide a first class high quality service to e...”

You may also like...

Other A Level Economics questions

What are negative externalities?

What are the objectives of a firm?

Why does the demand curve slope downwards?

How can I effectively use graphs in my essay?

View A Level Economics tutors

Cookies:

We use cookies to improve our service. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok