Question

What changes in economy can be found in an economy as a result of economic growth​

Answer 1

Answer:

When the economic growth matches the growth of money supply, an economy will continue to grow and thrive. Inflation occurs in an economy when the prices of goods and services continue to rise while the purchasing power decreases. When the GDP growth is only caused by increases in population, the growth is excessive.

Answer 2

Answer:

One of the biggest impacts of long-term growth of a country is that it has a positive impact on national income and the level of employment, which increases the standard of living. ... Higher economic growth also leads to extra tax income for government spending, which the government can use to develop the economy.

Explanation:

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