In Glenford, firms in several manufacturing industries are increasing investment in additional machinery. Packaging producers, for example, are buying extra cutting and folding machines of the type they already use to meet rising orders.
Analyse the impact of this rise in investment on economic growth in Glenford.
78 exam-style questions on OCR GCSE Economics 3.1 Economic growth, covering 3.1.1 What is economic growth, 3.1.2 Calculate economic growth using GDP, 3.1.3 Explain how growth is measured, 3.1.4 Analyse GDP data, 3.1.5 Determinants of economic growth, and 3.1.6 Costs and benefits of economic growth. Each one has a worked solution and a mark scheme showing where the marks go.