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2.5.4 The impact of economic growth
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What is economic growth?

What is economic growth?

Economic growth and its effects on consumers, firms, government, living standards and sustainability

Economic growth is a sustained rise in real GDP, meaning that the total real output of an economy increases over time. Because growth changes incomes, employment, tax revenue and resource use, its effects are experienced differently by consumers, firms, the government and society.

2.5.4 The impact of economic growth Lesson

  1. A Level
  2. /Economics
  3. /2.5.4 The impact of economic growth

Step-by-step lessons covering Edexcel A A Level Economics 2.5.4 The impact of 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.