https://padlet.com/yeochinleong/58ih8w65cgf7771q Section A en-us 2022-02-07 07:13:47 UTC 2022-02-08 05:30:29 UTC hello@padlet.com http://www.livingspacearchitects.com/wp-content/uploads/2019/02/Wellbeing.jpg https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034674956 PG is the rate of growth of potential output,which is the output that could be produced with full employment of resources

PG is shown on AD-AS model as a rightward shift of the vertical and intermediate bpart of the AS curve from AS0 to AS1. This results in an increase in potential output, that is true max real output of the economy has increased from YF0 to YF1.

Sustained growth indicates a rate of growth that can be maintained over a period of time without giving rise to high rates of inflation.

Sustained growth illustrated on PPC through outward shift from PPC0 to PPC 1 as well as movement of point.]]> 2022-02-08 05:03:38 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034674956 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034675894 it is the percentage annual increase in real output over time, or the increase in real GDP/GNP/NNP over time. It refers to the increase in quantity of goods and services available available to the people in a country.  

It is shown by a movement from a point inside the PPC to a point closer to or on the PPC. This is due to utilising previously unemployed resources. 

It is shown on the AD-AS model as a rightward shift of the AD curve, increasing real output. ]]> 2022-02-08 05:04:27 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034675894 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034688748 Technology is a substitute for labour. Automation decreases the need for manual labour, the manual labour workers will lose out on income.
People of lower income who are usually lowly skilled workers, the poor will get poorer, the rich get richer, as those working for manual labour are of lower income, and losing their income will cause them to be poorer. The economic growth is not inclusive. The low knowledge and low skills that these labours have, will lose out even further as they are unable to work in sunrise industries.]]> 2022-02-08 05:15:03 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034688748 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034690234 2022-02-08 05:16:20 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034690234 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034691186 2022-02-08 05:17:03 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034691186 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034691916 sustainable economic growth indicates a rate of growth that can be maintained without causing any other significant problems 

depletion: Since econ growth implies an increase in production , this would mean more raw materials are extracted for production of goods and if we extract these resources faster than the rate than it replenishes then we are keaving less resources for the future generations. At the same time land and vegetation are destroyed to make way for more economic growth leading to many plant and animal species going extinct

debt: economic growth may be achieved by growing government debt as the growth could be a result of increased government spending to increase AD and NY which is unsustainable.

pollution: this makes economic growth unsustainable as it would harm the future generations if we over exploit the environment ]]> 2022-02-08 05:17:41 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034691916 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034693863 2022-02-08 05:19:27 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034693863 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034699055 2022-02-08 05:23:47 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034699055 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034699205 With a fall in prices, export revenue will decrease. Assuming that the PED is inelastic, with a fall in price, quantity increases less than proportionate, hence export revenue decreases and have a negative impact on Brazil economic growth. ]]> 2022-02-08 05:23:54 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034699205 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034701438 Since net export revenue (X-M) falls, and since (X-M) is a component of AD,Ad thus falls, leading to a multiplied fall in the RNY through the multiplier process. ]]> 2022-02-08 05:25:54 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034701438 https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034706496 2022-02-08 05:30:29 UTC https://padlet.com/yeochinleong/58ih8w65cgf7771q/wish/2034706496