politicians and economists concerned about the economic process rate in the u.s because Small differences within the rate of economic growth can make large differences in the standard of living over time. -does not account for a way increased per capita income is distributed across income groups.
Economic growth increases state capacity and the supply of public goods. When economies grow, states can tax that revenue and gain the capacity and resources needed to supply the public goods and services that their citizens need, like healthcare, education, social protection and basic public services
In practice there's a strong relationship between economics and politics because the performance of the economy is one of the key political battlegrounds. Many economic issues are inherently political because they lend themselves to different opinions
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