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Card 1 of 24

Why is real GDP used to measure economic growth instead of GDP?

A

It removes inflation, showing genuine output growth.

B

It removes taxation, showing genuine output growth.

C

It removes unemployment, showing genuine output growth.

D

It removes population, showing genuine output growth.

Card 1 of 24

Growing economies Flashcards

  1. A Level
  2. /Business
  3. /Growing economies

24 flashcards on Edexcel A Level Business Growing economies: the key terms, formulae and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards