Explaining Economic Growth
- AS, A Level
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 27 Dec 2018
This year 1 Macroeconomics topic video explains what economic growth is and also makes a distinction between short run and long term factors that can affect the rate of real GDP growth in a country.
The chart below tracks the annual percentage change in real national income (GDP) for the UK drawing on data from the IMF's latest macroeconomic forecasts.