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What could be some ways for the country to improve the economy? Explain

Sagot :

1. Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

2. Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

3.Higher global growth – leading to increased export spending.

Answer:

Sigh.

Explanation:

There's a lot of ways. I don't in any way mean for this answer to sound political, but if it does, I apologize.

Ways to Improve the Economy:

1. Restore trees. More reforestation! (An annual federal investment of $4-4.5 billion in tree restoration could help these communities recover by bringing in $6-12 billion per year in economic growth. That investment could also fight climate change cost-effectively, removing nearly 10% of annual U.S. emissions at less than $10 per ton of carbon dioxide.)

2. Invest in a low-carbon economy (creates jobs and reduces emissions)

3. Not raise taxes (sounds like making people poor)

4. Not raise gas prices (if people can't afford gas, then they can't get to work)

5. Invest in small businesses (Small businesses give back to the community by creating new jobs and offering consumers the ability to contribute to the cause of supporting the local economy.)

6. Become an entrepreneur (New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.)

7. Increase spending on infrastructure (more jobs, more facilities, better roadways is equivalent to big trucks hauling stuff worth a vast sum and granting the US more money faster)

8. As economies grow, energy demand increases; if energy is constrained, GDP growth pulls back in turn. Therefore, increase energy affordability and sources.

9. Reduce pollution (more higher-paying jobs, cleaner environment)

That's about all I can think of. I hope this helps. I also used a couple descriptions from the Internet.

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