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Card 1 of 24

The business cycle tracks fluctuations in economic activity using [     ], which is adjusted for [     ].

A

The business cycle tracks fluctuations in economic activity using Nominal GDP, which is adjusted for inflation.

B

The business cycle tracks fluctuations in economic activity using Real GDP, which is adjusted for population growth.

C

The business cycle tracks fluctuations in economic activity using GDP per capita, which is adjusted for inflation.

D

The business cycle tracks fluctuations in economic activity using Real GDP, which is adjusted for inflation.

Card 1 of 24

Economic influences Flashcards

  1. A Level
  2. /Business
  3. /Economic influences

24 flashcards on OCR A Level Business Economic influences: the key terms, formulae and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards