In 2022, the average annual percentage increase in real Gross Domestic Product (GDP) was 2.6% in high-income economies and 4.1% in low- and middle-income countries.
(Source: adapted from World Bank, Global Economic Prospects 2022)
Which one of the following best describes an increase in real GDP?
Potential economic growth
Actual economic growth
Negative output gap
Positive output gap
39 exam-style questions on Edexcel A A Level Economics 2.5 Economic growth. Each one has a worked solution and a mark scheme showing where the marks go.