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2.5 Economic growth

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Question 2

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

2.5 Economic growth Questions

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