Outcomes - Economic Growth

Economic growth is the 'Holy Grail' of economic policy. All governments want to generate growth. Economic growth means higher incomes, and generally speaking higher incomes mean higher living standards. Governments would like as much growth as possible, but the trouble is that too much growth causes other problems. So the Chancellor's aim is as much growth as possible without inflation and balance of payments problems.

To help understand how to generate growth and how to avoid the problems associated with it there are a variety of resources:

• An explanation of growth and how it is measured
• Relevant theories about growth
• A worksheet to help understand what creates growth in the economy