Question

prepare a chart showing the importance of the economic growth​

Answer 1

Answer:

Economic growth welfares the nation in multiple ways.

Here are the benefits of economic growth:

When the economy grows, it reduces the poverty of the nation, which in turn increases the standard of living.

The economic growth of the country increases the investment rate.

The economic growth leads to higher tax revenue for the government, which further increases the public service for the people.

The economic growth of the country reduces the debt to GDP ratios.