IB Economics 3.3.2 Consequences of Economic Growth Flashcards

Flashcards for 3.3.2 Consequences of Economic Growth

These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 3.3.2 Consequences of Economic Growth and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade.

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Economic growth occurs at a slower rate than population growth. Predict the effect on GDP per capita and average living standards.

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GDP per capita decreases.
Average living standards fall because there is less output/income per person.

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