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Two meanings of economic growth

Two meanings of economic growth

Actual growth is an increase in real GDP in the short run. It can occur when firms use unemployed workers, idle machinery, and other spare capacity more fully.

9.2.1 actual growth versus potential growth in national output Lesson

  1. Intl A Level
  2. /Economics
  3. /9.2.1 actual growth versus potential growth in national output

Step-by-step lessons on CIE Intl A Level Economics 9.2.1 actual growth versus potential growth in national output. Each one builds up to exam-style questions.

Lessons