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How does economic growth impact the overall development of a country?

User Arelis
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1 Answer

19 votes
19 votes

Answer:

One of the biggest impacts of long-term growth of a country is that it has a positive impact on national income and the level of employment, which increases the standard of living. ... Higher economic growth also leads to extra tax income for government spending, which the government can use to develop the economy.

Step-by-step explanation:

User Frank Fajardo
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