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2.5.1 Causes of growth

What must increase for an economy to experience economic growth?

A

Unemployment increases over time, usually as % change in the unemployment rate.

B

Nominal output increases over time, usually as % change in nominal GDP.

C

Average prices increase over time, usually as % change in the price level.

D

Real output increases over time, usually as % change in real GDP.

2.5.1 Causes of growth Flashcards

  1. A Level
  2. /Economics
  3. /2.5.1 Causes of growth

Flashcards for Edexcel A A Level Economics 2.5.1 Causes of growth, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 29 cards, matched to the Edexcel A A Level Economics (9EC0) specification.