Growth and Development
Growth and Development
Economic growth is a rise in a country's real output, usually measured by the annual percentage change in real GDP. It shows how much an economy produces, but it does not show how that output affects people's lives.
Step-by-step lessons covering Edexcel A A Level Economics 4.3.1 Measures of development for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.