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GDP, real GDP and growth

GDP, real GDP and growth

Line graph of real GDP over time showing rising trend, boom, slowdown, recession and recovery GDP is the total monetary value of all final goods and services produced within an economy over a period. Economic growth usually means a rise in real GDP, so we care about output after removing inflation.

2.5 Economic growth Lesson

  1. A Level
  2. /Economics
  3. /2.5 Economic growth