Sustained economic growth is widely believed to enhance a nation's overall welfare and living standards. In Australia from 2012 to 2018, the average annual growth in real GDP per capita was +1.8%. However, during the downturn in 2019 and 2020, this rate fell to –1.2%.
Discuss the view that the primary reason for a nation seeking to achieve sustained economic growth is to increase government tax revenues to fund public services.
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.