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Balancing Economic Growth and Other Goals

Question

Discuss whether or not governments should aim for a high rate of economic growth.

Category:

Economic Growth & Development

Preview Answer

STEPS TO WRITE ESSAY 💡MAIN POINTS💡OVERVIEW

I. Introduction
A. Definition of economic growth
B. Importance of economic growth
C. Thesis statement

II. Why governments should aim for a high rate of economic growth
A. Economic growth can raise incomes
B. Higher incomes can raise living standards
C. Economic growth can reduce unemployment
D. Economic growth can increase tax revenue allowing the government to spend more on education

III. Why governments should not aim for a high rate of economic growth
A. May deplete non-renewable resources which can reduce future growth
B. May result in pollution
C. May put other demands on workers who may have to work long hours
D. May lead to a deficit on current account of the balance of payment
E. May result in greater inequality
F. Risk of inflation

IV. Analysis of the table
A. Comparison of the reasons for and against economic growth
B. Evaluation of the impact of economic growth on the economy and society

V. Conclusion
A. Restate thesis statement
B. Summary of the main points
C. Final thoughts on the topic.

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