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2.5 Economic growth

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Question 2

With reference to the table, explain one potential benefit of economic growth to businesses.

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

QuarterGDP Growth Rate (%)
Q1 20220.9
Q2 20221.1
Q3 20221.4
Q4 2022-0.3
Q1 20230.5
Q2 20230.8
Q3 20230.2
Q4 2023-0.1
Q1 20240.4
Q2 20241.0
Q3 20241.3
[3]

2.5 Economic growth Questions

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