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2.3.1 Economic growth and the economic cycle

What does a rise in real GDP indicate about an economy's output?

A

The economy is producing more goods and services, with inflation included.

B

The economy is producing the same goods and services at higher prices, with inflation included.

C

The economy is producing more goods and services, with inflation removed.

D

The economy is producing fewer goods and services, with inflation removed.

2.3.1 Economic growth and the economic cycle Flashcards

  1. A Level
  2. /Economics
  3. /2.3.1 Economic growth and the economic cycle

Flashcards for AQA A Level Economics 2.3.1 Economic growth and the economic cycle, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 26 cards, matched to the AQA A Level Economics (7136) specification.