Economics

Examining the economic growth of two different countries, and how it has been achieved Examining the standards of living in both countries by looking at economic and social welfare. This must include: Comparing the economic growth and standards of living between the two countries This must answer the following questions: • Which country is performing better in terms of economic growth, why? • Which country is performing better in terms of living standards, why? 5.0 6. To what extent has economic growth contributed to living standards in these countries? (Discuss). Use the following to help you with the discussion This must answer the following questions: • Has economic growth affected the living standards? • If the countries you selected have high economic growth, is that economic growth inclusive or exclusive? • If the countries you selected have high living standards, has economic growth lead to achieving this? • If the countries you selected have low living standards, would a higher economic growth be enough to achieve higher living standards