Controlling Inflation Key to Boosting Economic Growth and Living Standards
This article analyzes how inflation rates affect a country's economic growth, focusing on the gross domestic product (GDP) as a key indicator. The researchers explore ways to boost GDP growth, such as increasing consumption through tax collections and raising investments by accessing funds and attracting foreign capital. They emphasize the importance of keeping inflation low to ensure positive economic growth. The study suggests that GDP growth depends on factors like capital, human resources, productivity, and inflation rates. By managing these aspects effectively, countries can enhance their economic performance and living standards over time.