Measuring economic growth
Measuring economic growth
Economic growth is the percentage increase in real GDP over a period. Real GDP values output at constant base-year prices, so changes reflect output rather than inflation.
Step-by-step lessons on Edexcel A A Level Economics 2.5 Economic 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.