Real GDP in Seaborne has grown by 4% a year. A new mining project has created jobs and tax revenue, but it has also increased water pollution and displaced a rural community. Evaluate whether the economic growth described is likely to improve living standards in Seaborne.
31 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.