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 whether the economy is producing more goods and services.
Step-by-step lessons on Edexcel A A Level Economics 4.3.1 Measures of development. 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.