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2.5 Economic growth
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Measuring Economic Growth

Measuring Economic Growth

Diagram comparing nominal GDP with real GDP, and showing how GDP plus net income from abroad gives GNI

Economic growth is the percentage change in real GDP over a period of time. Real GDP measures output using constant base-year prices, so changes caused only by inflation are removed.

2.5 Economic growth Lesson

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

Step-by-step lessons covering Edexcel A A Level Economics 2.5 Economic growth 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.