Measuring economic growth
Measuring economic growth
Economic growth is an increase in an economy's real output over time. It is usually measured by the percentage change in real GDP, which removes the effect of changing prices.
Step-by-step lessons on Edexcel A A Level Economics 2.5.1 Causes of growth. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.