High Economic Growth Conflicts
Macroeconomic Objectives
AO3
Syllabus requirement
Trade-offs between high growth and low inflation, environmental sustainability, and equitable income distribution.
Assessment objectives
AO3 Synthesis and Evaluation
Summary
This topic examines the conflicts and consequences associated with high economic growth, showing how growth raises living standards, increases tax revenue and employment, but also creates environmental damage, resource depletion and wider income inequality. It explains how economic growth is measured (real and nominal GDP, GDP per capita and green GDP), what drives growth, and the trade-offs policy-makers face when promoting growth versus sustainability and equity.
