Economic Growth

Definitiopn

Increase in GDP over time

GDP per capita

GDP divided by population

GDP

Value of output produced within a country in a year

-Natural resources

Change in GDP/Original GDP *100

click to edit

click to edit

natural resources

Size of work force

Education and training

Investment

Government policy

Is the spending on capital goods by firms

click to edit

benefits

More output

More jobs and less unemployment

Increase in tax revenue

costs

Pollution

Congestion

International competiveness