What would be the effect of each of the following events on actual and potential economic growth? (Assume no other changes take place.) d) Increased expenditure on education and training. Actual growth: rise / fall / no effect Potential growth: rise / fall / no effect (e) The discovery of new, more efficient techniques which could benefit industry generally.
What would be the effect of each of the following events on actual and potential
- d) Increased expenditure on education and training. Actual growth: rise / fall / no effect
Potential growth: rise / fall / no effect
(e) The discovery of new, more efficient techniques which could benefit industry generally.
Actual growth: rise / fall / no effect
Potential growth: rise / fall / no effect
(f) A reduction in interest rates. Actual growth: rise / fall / no effect
Potential growth: rise / fall / no effect
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