Write a Report That Examines the Relationship Between Economic Growth and the Environment

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Write a report that examines the relationship between economic growth and the environment 1) Introduction 2) Economic growth in the UK 2.1) What is economic growth? 2.2) Difficulties in measuring economic growth 2.3) Factors that contribute to economic growth in the UK 6) Conclusion 1) Introduction Economic growth is something that most modern countries strive for, in order to increase wealth for the state and its citizens. However, it has not been until recently that the issue has arisen of what impact economic growth has on our environment. This report will explore economic growth, the effect it has on global warming and also both the positive and negative effects it has on our environment. 2) Economic growth in the UK 2.1) Economic growth is the increase in the output of an economy over time, as measured by the rate of increase in GDP (Fribbance, 2010, p30). GDP or, gross domestic product is the total of everything produced in an economy, and is usually measured over a certain time period, such as a year. 2.2) GDP doesn’t take into account the size of an economy; in developed economies countries that have a higher population will often have a higher GDP. In order to tackle this we can calculate a figure called GDP per capita; a measure of national income per person in a particular country (Fribbance, 2010, p25). To obtain this, we divide GDP by population. However, this value still only gives us a very broad view of economic growth as it is an average value and conceals inequality within an economy. Moreover, these figures don’t take account of how long people have to work, on average, to produce the economic output that makes up this national income (Fribbance, 2010, p41). 2.3) The UK is an open economy, meaning that it trades both goods and service internationally. This is often seen as a win-win situation, as consumers can benefit from

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