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Card 1 of 24

Economic growth means an increase in [     ], while economic development is broader improvement in [     ].

A

Economic growth means an increase in the money supply, while economic development is broader improvement in income earned by businesses.

B

Economic growth means an increase in real GDP, while economic development is broader improvement in living standards and quality of life.

C

Economic growth means an increase in real GDP, while economic development is broader improvement in government revenue and expenditure.

D

Economic growth means an increase in nominal GDP, while economic development is broader improvement in living standards and quality of life.

Card 1 of 24

The financial sector Flashcards

  1. A Level
  2. /Economics
  3. /The financial sector

24 flashcards on OCR A Level Economics The financial sector: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards