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What does economic growth measure?

A

Economic growth measures output for the whole economy.

B

It tends to raise incomes and employment.

C

The increase in a country’s real output over time.

D

Firms producing more usually need more workers.

Card 1 of 21

3.1.1 What is economic growth Flashcards

  1. GCSE
  2. /Economics
  3. /3.1.1 What is economic growth

21 flashcards on OCR GCSE Economics 3.1.1 What is economic growth: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards