Economics Tuition: Consider whether economic growth should be the top priority goal of a government. [15]

In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (b) Consider whether economic...

Economics Tuition: Explain how tax changes can help Singapore achieve higher economic growth. [10]

In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (a) Explain how the above tax...

Economics Tuition: Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. [15]

The recent financial crisis saw Singapore's exports plunge as the global recession has affected almost all major economies in the world, including the USA....

Economic Growth

What Is Economic Growth?

Economic growth is defined as the increase in an economy’s capacity to produce more goods and services. It is often measured in terms of GNP (Gross National Product) or GDP (Gross Domestic Product). This topic usually requires students to understand the factors that give rise to economic growth in an economy as well as identify the repercussions of economic growth to an economy and its related entities.

Economics Tuition: Consider whether economic growth should be the top priority goal of a government. [15]

by Simon Ng | Mar 16, 2018

In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (b) Consider whether economic growth should be the top priority goal of a government. [15] Question Analysis • Explain why...

Economics Tuition: Explain how tax changes can help Singapore achieve higher economic growth. [10]

by Simon Ng | Mar 16, 2018

In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (a) Explain how the above tax changes can help Singapore achieve higher economic growth. [10] Introduction • Define taxes •...

Economics Tuition: Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. [15]

by Simon Ng | Mar 16, 2018

The recent financial crisis saw Singapore's exports plunge as the global recession has affected almost all major economies in the world, including the USA. Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. [15]...

Economics Tuition: How can Singapore overcome her economic constraints to achieve sustainable economic growth?

by Simon Ng | Feb 13, 2017

The measures adopted by the government has helped Singapore to achieve sustainable economic growth as it has raised actual production and expanded production capacity through the production possibility curve. The influx of foreign workers, land reclamation and import...

Economics Tuition: Explain why inflation can remain high despite a slowdown in economic growth in Singapore

by Simon Ng | Aug 10, 2015

Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However during the same period, inflation rate remained high at about 5%. Explain why inflation can remain high despite a slowdown in economic growth in Singapore. [10] Introduction...