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Card 1 of 23

Why can economic growth fail to show economic development?

A

Economic growth measures rising nominal output, whereas development includes wider improvements in living standards, wellbeing and freedoms.

B

Economic growth measures rising real output, whereas development includes wider improvements in exports, imports and government revenue.

C

Economic growth measures rising real output, whereas development includes wider improvements in living standards, wellbeing and freedoms.

D

Economic growth measures falling real output, whereas development includes wider improvements in living standards, wellbeing and freedoms.

Card 1 of 23

4.3.1 Measures of development Flashcards

  1. A Level
  2. /Economics
  3. /4.3.1 Measures of development

23 flashcards on Edexcel A A Level Economics 4.3.1 Measures of development: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards