MYTUTOR SUBJECT ANSWERS

897 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

2 years ago

Answered by Akshay, an A Level Economics tutor with MyTutor


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

75 SUBJECT SPECIALISTS

£22 /hr

Simeon P.

Degree: History, Politics and Economics (Bachelors) - University College London University

Subjects offered:Economics, Russian+ 2 more

Economics
Russian
Politics
French

“"Theory without practice is just as incomplete as practice without theory" without practice is just as incomplete as practice without theory"”

£36 /hr

Gina J.

Degree: Economics with French (Bachelors) - Bristol University

Subjects offered:Economics, Spanish+ 2 more

Economics
Spanish
Maths
French

“Private tutor of Economics, Maths and French with six years of experience. I am passionate about teaching!”

£20 /hr

Sneha J.

Degree: Chemistry (Bachelors) - Imperial College London University

Subjects offered:Economics, Maths+ 3 more

Economics
Maths
Chemistry
Biology
-Personal Statements-

“Guiding you with the right balance of conceptual understanding and exam technique to grow your grades!”

MyTutor guarantee

About the author

£36 /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

Explain why monopolies may be an undesirable form of market structure

What is the difference between macro and micro economics?

Explain how an increase in interest rates may affect aggregate demand in an economy

What is Pareto efficiency?

View A Level Economics tutors

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

mtw:mercury1:status:ok