Virtual Economy Home page - Ground Floor.Case Studies - 1st Floor.Economic Policy - 2nd Floor.Library - 3rd Floor.The Model - 4th Floor.

Outcomes - Economic Growth

Economic growth is the 'Holy Grail' of economic policy. All governments want to generate growth. Economic growth means higher incomes, and generally speaking higher incomes mean higher living standards. Governments would like as much growth as possible, but the trouble is that too much growth causes other problems. So the Chancellor's aim is as much growth as possible without inflation and balance of payments problems.

To help understand how to generate growth and how to avoid the problems associated with it there are a variety of resources:

Go to Ground Floor Go to 1st Floor 2nd Floor Go to 3rd Floor Go to 4th Floor Go up one floor Go down one floor Reception Outcomes Policy Tools Advisors Go down one floor Go up one floor
 
Outcomes
  Unemployment
  Inflation
  Debt Ratio
  PSNCR
  Economic Growth
  - Explanation
  - Theories
  - Worksheets