Economic growth and its impact
Economic growth and its impact
Economic growth is a sustained rise in real GDP, which means the economy produces more goods and services after adjusting for inflation. It can increase employment, incomes and material living standards.
Step-by-step lessons on Edexcel A A Level Economics 2.5.4 The impact of 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.