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Supply side policies can be used to increase productivity and shift the PPC outwards. They influence the economic development of countries

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new technologies

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Tax revenue for governments and economic development

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Tax revenue for governments and economic development

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Economic growth can result in higher government tax revenue that can be spent on merit goods (e.g. schools, hospitals) that improve economic development

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How are these ideas connected?

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everybodys definiton of a happy life is something else. And everybody wants different things.

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It can have positive and negative consequences 

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It can have positive and negative consequences 

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Economic growth (GDP) does not include sustainability as a primary measurement of growth;
Gains in income generated from economic growth may not be distributed fairly

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Time spend with the family or reducing the work time to spend more time on self indulgence does not increase the GDP but can have huge influence on the quality of life.

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Human resources, natural resources, technology

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GNI coefficient

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How is this connected to Economic Growth?: Economic integration helps countries and economies to grasp the benefits of free trade thus, posibly leading to economic growth due to increased effecincy, lower prices, higher emplyoement...

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How do these affect Economic Growth? What is the connection?

Expansionary fiscal policies like tax reduction cause an increase in spending which leads to an increase in GDP therefore growth

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What are some examples? How do these affect Economic Development?: FGovernment interventuon can be used to eliminate large boom and bust periods in the economy. The less extremes there are, the better it is for long-run economic development. This intevrention can come in different forms, incluiding fiscal and monetary policy

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How does this affect development?: Affirmative action imporves equity by providing underpriveledged with improved opportunities for future careers. Hence, they also improve inovation because more highly intelligent people are enabled to persue careers and imporve processes Eg. in machinery

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Injections-Leakages gives you the economic growth. However, Leakages of one country are the injections of another meaning that there might be economic growth in one country by the overall development of the entire world economy does not increase

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Is this connected to Economic Growth?

Yes because it is connected to equality which improves average standard of living.

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Can be used to illustrate economic growth by outwards shift of the curve (potential growth).
What is the difference between potential and actual growth?

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Consumption + investment + government spending + (export - import)

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How is this related to Economic Growth?

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An increase in equality will increase the quality of living for most people.

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Measures employment level of resources (such as land, labour and capital) 

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Measures employment level of resources (such as land, labour and capital) 

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Are you saying that there are measures of productivity of FoP?

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If the GDP increases, the PL may increase

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As real GDP increases individuals could have an increase in their income. This means that they will also be able to increase their consumption. They might consume more essential goods such as nutritional food and this will improve their quality of life. They might consume more luxury goods such as televisions and this will also improve their quality of life.

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An increase in the quality of life or standard of living.

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An increase in the quality of life or standard of living.

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An increase in real GDP from one period to the next.

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An increase in real GDP from one period to the next.