What economic growth means
What economic growth means
Economic growth is an increase in an economy's output over time. In macroeconomics, it is usually measured by the percentage change in real GDP, because real GDP removes the effect of inflation.
Step-by-step lessons on OCR A Level Economics 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.