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Growth vs development

Growth vs development

Concept map showing measuring economic development with branches to real GDP per capita, GNI or GNP per capita, PPP-adjusted income, HDI, economic structure, and indirect social indicators

Economic growth means a rise in real GDP, so the economy is producing more. Economic development is broader, because it asks whether people's living standards, health, education and opportunities improve.

Measurement Lesson

  1. A Level
  2. /Economics
  3. /Measurement

Step-by-step lessons covering Eduqas A Level Economics Measurement for A Level Economics. Each lesson works through exam-style questions in Component 1, Component 2 and Component 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.