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3.1 Economic growth
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What economic growth means

What economic growth means

Output means the goods and services produced in an economy. Economic growth is an increase in that output over time, usually measured by the percentage change in real GDP.

3.1 Economic growth Lesson

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

Step-by-step lessons on OCR GCSE Economics 3.1 Economic growth, covering 3.1.1 What is economic growth, 3.1.2 Calculate economic growth using GDP, 3.1.3 Explain how growth is measured, 3.1.4 Analyse GDP data, 3.1.5 Determinants of economic growth, and 3.1.6 Costs and benefits of economic growth. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons