Gross Domestic Product and Economic Growth Power Point Notes

Population, Government and
Foreign Trade
• Population Growth - leads to lower standards
• Government - raising taxes to pay for government services,
households will have less money but will have more services
• Foreign Trade - trade deficit - importing more than exporting
When the economy is on the upswing,
financial institutions are more likely
to lend money. A strong economy
means you have a greater access to
loans that help pay for education.
Many economists see teen spending
as a huge source of future economic
growth. When you spend money
responsibly, you help expand the
economy.