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3.1 Economic growth

Card 1 of 24

[     ] is an increase in the output of goods and services over time, usually measured by growth in [     ].

A

Economic growth is an increase in the output of goods and services over time, usually measured by growth in GDP per capita.

B

Economic development is an increase in the output of goods and services over time, usually measured by growth in real GDP.

C

Economic growth is an increase in the output of goods and services over time, usually measured by growth in nominal GDP.

D

Economic growth is an increase in the output of goods and services over time, usually measured by growth in real GDP.

Card 1 of 24

3.1 Economic growth Flashcards

  1. GCSE
  2. /Economics
  3. /3.1 Economic growth

24 flashcards on OCR GCSE Economics 3.1 Economic growth: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards