Question

what happens when economy of country

is weak
​

Answer 1

Answer:

The effects of slower economic growth could include:

Slower increase in living standards – inequality maybecome more noticeable to those on lower incomes.

Less tax revenue than expected to spend on public services.

Increased government borrowing – e.g. if demand for medical care and old-age pensions is growing faster than the low rate of economic growth.

Possible unemployment if growth is insufficient to create new jobs displaced by technology

Lower inflation rates

Less strain on environmental resources than expected.

The effect of slower economic growth also depends on what causes slower growth. Slower growth could be two main factors

Lower productivity growth (supply-side factors)

Weak aggregate demand (demand-side factors)

Answer 2

Explanation:

When economy of country is weak :-

1. The development level will also become low or slow.
2. The can be shortage of food items .
3. GDP rate of country will also low
4. It also affect on the quality and quantity of public facilities.

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