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2.5 Economic growth

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Question 13

With reference to the table, explain one likely benefit of economic growth to firms.

Table: Australia Real GDP growth rate (%), Q1 2022 to Q3 2024

QuarterGDP Growth Rate (%)
Q1 20220.9
Q2 20221.1
Q3 2022-0.2
Q4 20220.7
Q1 20230.5
Q2 20230.4
Q3 2023-0.3
Q4 20230.6
Q1 20240.3
Q2 20240.2
Q3 20241.2
[3]

2.5 Economic growth Questions

  1. A Level
  2. /Economics
  3. /2.5 Economic growth