It is said that growth is an important macro-economic issue Why-00680
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vu cs408 Human Computer Interaction.
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vu cs408 Mid Term Solved Past Paper No. 1.
Question 1: It is said that growth is an important macro-economic issue. Why? Discuss.
Answer:
Why Growth is an Important Macroeconomic Issue
It is obvious why growth is an important macroeconomic issue. Every government aspires to deliver a higher growth rate for the country. High growth rates means higher national income which means better living standards on average, which in democracies, means happier electorates and therefore increased chances of re-election for another term in office. However, while all countries might wish to achieve high growth rates, in practice, only a handful have been able to convert the wish into reality.
